According to reports, in accordance with consumer use , the new national standard "polypropylene (PP) resin GB/T12670-2008" narrowband class will be divided into polypropylene , injection type , extrusion , fiber and extruded film classes and other five categories . In the subject of the contract selection, DCE chose which yields the maximum use concentration, grades single , uniform quality narrowband Polypropylene as futures contracts varieties.
Masking tape Data show that in 2012 , polypropylene apparent consumption amounted to 14.86 million tons of mainly used for the production of packaging cement , grain, fertilizer and other industrial woven bags and films. Narrowband Polypropylene consumption is about 600 million tons, accounting for about 40% of China's total consumption of polypropylene , the market size of about 66.5 billion yuan . This category representation is strong, more suitable to carry out futures and spot adequate amount of deliverable guarantee the safe operation of the market .
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According to the reporter ,
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in the collection of market research and recent comments , many stock companies , said the current exchange polypropylene delivery quality standards designed for simple, universal , easy to industrial customers to participate in corporate and investment ; draft quality standards for the design of polypropylene delivery the indicators are necessary, adequately reflects the product attributes ; concise set of indicators value , reasonable, to ensure delivery of industrial customers and the enthusiasm of futures , spot trading is in line with the actual situation , but also to ensure adequate available deliveries , I believe the PP contract market, capable of LLDPE, PVC plastics industry sets together to further improve the security chain , better service industries.
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