Posted in | News | Plastics and Polymers

London Metal Exchange Delay Plastics Launch Until May 2005

Jul 23 2004

The London Metal Exchange (LME) has today confirmed the launch date for the commencement of trading in the two plastics contracts as 27 May 2005.

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The date is the result of detailed project planning and reflects the contribution of a number of third parties whose involvement, as planned, is vital.

Commenting on this development, LME Chief Executive Simon Heale said:

“We are fully committed to the two plastics futures contracts and we wanted to give a clear date so that the plastics industry could know when to expect the commencement of trading.

With many years’ experience in delivering risk management services to industry, the LME is ideally positioned to provide the plastics industry with an effective and robust environment in which to manage price risk volatility within the plastics supply chain.”

For more information on plastics, click here.

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