The trading of regional futures contracts for polypropylene(PP)and linear low density polyethylene(LL)began trading on the London Metal Exchange(LME).In addition to a global price for each contract,prices are now established and published by the Exchange for Asia,North America and Europe,bringing the total number of LME plastics contracts to eight.The LME also launched the facility for 'spot' trading with a new daily prompt date structure which mirrors the model the Exchange currently operates for non-ferrous metals.
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