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China adds polypropylene on Dalian Commodity Exchange

07 Jul '20

1 min read

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China has added polypropylene (PP), along with polyvinyl chloride (PVC) and linear low-density polyethylene (LLDPE), as a trading option on the Dalian Commodity Exchange in the country's northeastern province of Liaoning. With this, the number of options listed for trading on the Exchange has increased to seven, according to Chinese media reports.

The seven options and 20 futures listed for trading on the Exchange cover several fields including chemicals, energy and agriculture. The inclusion of PP, PVC and LLDPE will boost the risk management ability of petrochemical enterprises, the reports said.

China is a major producer and consumer of all three plastic chemical products—PP, PVC and LLDPE—and their listing will support the sound and stable development of the country's petrochemical industry.

Fibre2Fashion News Desk (RKS)