TITLE

LME scrapping plastics futures

AUTHOR(S)
Esposito, Frank
PUB. DATE
October 2010
SOURCE
Plastics News;10/25/2010, Vol. 22 Issue 33, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that the London Metal Exchange (LME) is terminating its plastics futures contracts. Officials at LME said that April 29, 2011 would be the last prompt dates for all existing contracts for specified grades of polypropylene and linear low density polyethylene. Martin Abbott, chief executive of LME, said that despite considerable effort to bring transparency and hedging facilities to the plastic business, it failed to attract sufficient business volume.
ACCESSION #
55447105

 

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