London Metal Exchange to end plastics futures contract trading in 2011

10/21/2010

The London Metal Exchange is ending its plastics futures contracts, after the 5-year-old program was unable to generate significant volumes.

The last prompt dates for all existing contracts -- for specified grades of polypropylene and linear low density polyethylene -- will be April 29, 2011, LME officials said in an Oct. 20 news release. The firm had ended floor trading of the contracts in mid-2009, choosing to handle only online and phone transactions.

“Despite a number of changes to the contracts and the subsequent launch of regional contracts, no significant volume or open interest has been established, and...
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