Having watched volume slump in recent months, London Metal Exchange (LME) has revised its plastics futures in an attempt to rescue the struggling contracts.
The exchange has opted to introduce three regionally specified contracts for Asia, Europe and North America, effective 25 June. They will run alongside LME's existing global contracts, which started trading in May 2005 and have seen volume steadily fall away.
Having started slowly, volume in the exchange's polypropylene (PP)...