London Metal Exchange: Regional Plastics Pricing
On 25 June 2007, the London Metal Exchange (LME) will add regional futures contracts, for Europe, Asia and North America, to its current global contracts for polypropylene (PP) and linear low density polyethylene (PE-LLD). This means that the global plastics industry will benefit from a regional price which reflects the subtle variations in the trade and use of plastics around the world. In addition, LME prices will better correlate with physical market prices and therefore help organisations to meet current hedge accounting standards.
The LME offers those at all stages of the plastics industry supply chain, both buyers and sellers, the opportunity to manage their polymer price risk, through hedging. Hedging helps protect buyers and sellers of raw materials from future adverse price movements.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.