The Dubai Multi Commodities Centre (DMCC) and the Dubai Gold and Commodities Exchange (DGCX) will be launching the first ever Middle East and Asia plastics futures contracts targeted to be live in December 2008. The products for the Future Exchange will be polypropylene (PP) and linear low density polyethylene (LLDPE). More plastic derivatives will be inlcuded in the near future.
The futures will be backed up by physical deliverable in warehouses. DMCC selected various locations for the warehouses including Jebel Ali in Dubai, Busan and Gwang Yang in South Korea, Pasir Gudang and Tejung Pelapas in Malaysia, and Singapore.
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