Polypropylene Futures Futures Adds New Varieties of approved chemicals

Following the Dalian Commodity Exchange futures allowed to carry out polypropylene , China Securities Regulatory Commission recently approved polypropylene DCE listed futures contracts , listing specific time determined by the DCE in accordance with market conditions and the progress of the preparations .Washi tape

Yesterday , the Commission spokesman Deng Ge said that under the " Exchange Management Regulations " and " futures exchange management approach" , the Commission approved polypropylene futures contracts traded DCE , the DCE should be highly responsible spirit , further do the preparatory work prior to listing , pay attention to prevent and properly resolve possible market risks , to ensure a smooth launch of polypropylene futures and running smoothly.

It is reported that the production of polypropylene, the main raw material of plastic products, longer involved in the production chain, widely used in automobiles , appliances, building materials and other industries. China is the world 's largest polypropylene producer and consumer . In 2012, production was 11.09 million tons of polypropylene , apparent consumption was 14.86 million tons , respectively, representing approximately 19% and 26 % of world production and total consumption, the market size of more than 160 billion yuan .Sellotape  

Details published in accordance with DCE , polypropylene futures contract trades in units of 5 t / hand , the minimum trading margin of 5% of the contract value , the minimum price change of 1 yuan / ton, the daily price fluctuation limit for the previous day's settlement at ± 4%.

In recent years, frequent price fluctuations and polypropylene big margin , from 2010 to 2012 the price volatility of 33 %, 29 % and 18% , strong demand for hedging spot enterprises.Masking tape

According to reports, conduct polypropylene futures , improve price formation mechanism, can provide hedging tools for other companies , is conducive to a sound chemicals futures sequence , and promote the healthy development of the industry . At present , China has listed the purified terephthalic acid , polyethylene, polyvinyl chloride and other varieties , the initial formation of chemical products futures system.

Deng Ge stressed Polypropylene futures market, the DCE shall, according to the fundamental requirements of the service of the real economy , stock market conditions closely related to earnestly fulfill its trading, clearing , settlement , regulatory and inspection responsibilities and other important aspects of the service , continue to do market development and investor education.Wholesale masking tape