China: Dalian Commodity Exchange sets various additional delivery bases
2016-8-22
DCE issued a notice recently, decided to set up Jiangsu Zhengsheng warehousing logistics Co., Ltd. as a linear low density polyethylene (LLDPE) benchmark specified delivery warehouse, also designated for polyvinyl chloride (PVC) than the benchmark specified delivery warehouse, and the benchmark specified delivery warehouse premiums and discounts for 0 yuan/t. The delivery warehouse is now accepted and handled by LLDPE, PVC variety futures delivery business. DCE also specified Jiangsu Zhengsheng Warehouse Logistics Co., Ltd. for polypropylene (PP) than the benchmark specified delivery warehouse, with the benchmark specified delivery warehouse premiums and discounts for 50 yuan/t, will accept and handle the PP futures delivery business from Aug. 1, 2017.
East China is not only the consumption of plastic and polypropylene, but also the production of plastics and polypropylene. In the industrial view, the initiative will further promote the producers, traders and downstream manufacturers to participate in the futures market, and to play its price discovery and risk aversion function better in the future.