Indian exchange re-launches PVC futures contract


PVC futures are getting a second chance in India, with the NCDEX (National Commodities and Derivative Exchange) re-launching a polyvinyl chloride contract on April 4, after abandoning its original attempt to create a vinyls market in 2007. Futures contracts expiring in May, June, July and August of this year were made available for trading on April 4 at the NCDEX, with an established trading unit of 5000 tonnes.

NCDEX said that brokers registered with the exchange can trade up to 20,000 tonnes, with individuals limited to 5000 tonnes. The exchange said that prices will be settled based on the last spot price of the day as polled by the exchange on the final trading day of the contract....
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