Rising oil and feedstock prices at their current highly volatile levels, have prepared the ground well for an exchange-traded pricing mechanism in the Gulf, which has half of the world's petrochemical projects. Plastics traders and consumers are hoping the launch of a new plastics futures contract in Dubai will offer a useful hedging tool and greater price transparency, ensuring success where London's LME has so far failed.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=11497&P=P
Thursday, January 10, 2008
Dubai plastics future to offer hedging tool and greater price transparency
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