LME plastics make encouraging debut

11 Jul 2005

London Metal Exchange (LME) has posted its first volume figures for its newly introduced plastics futures contracts, with the two products showing contrasting fortunes.

Since launch on 27 May, polypropylene (PP) has traded 1,141 lots while linear low density polyethylene (LL) has seen 743 contracts change hands, according to the exchange's June volume report.

The data...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.