LME delays introduction of plastic futures
The London Metal Exchange’s (LME) plans to introduce plastic futures in the third quarter this year have been delayed. The exchange now expects the contracts to start trading in the forth quarter.
The LME’s planned futures will be for two classes of plastics, polypropylene and linear low-density polyethylene. More classes of plastic could be included later if the contracts prove popular.
The plastics industry has been valued at approximately $120 billion.
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