Le
London Metal Exchange est le premier marché mondial des métaux non-ferreux. Les contrats sont garantis par l'existence de stocks physiques contre lesquels ils peuvent être échangés.
Récemment, des matières plastiques ont été ajoutées à la liste des produits négociables, comme le polyéthylène et le
polypropylène.
Dans la liste correspondante des fournisseurs, vous retrouverez mon employeur actuel. Le lancement des contrats négociables sur les matières plastiques n'a pas été un franc succès par manque de liquidité. Mais une évolution prochaine
annoncée ce jour permettra certainement de remédier à cette situation.
Il s'agit du lancement d'un marché spot sur ces produits visant à augmenter la liquidité du marché.
| Citation: |
LME makes changes to plastics futures
By David Eldridge 23/05/2006
Spot market prices will be launched to boost liquidity.
23 May 2006 The London Metal Exchange is making enhancements to its polypropylene and LLDPE futures trading after getting feedback from the plastics industry.
With the exchange this week celebrating the first anniversary of the start of trading, it is introducing additional prompt dates and extending the shelf life of plastics stored in LME-registered warehouses.
The change to the prompt date system will mean that trading will be possible for settlement in two working days time, and in addition, trading for the next business day will be allowed. The current structure of trading forward months will be retained, but trading will also be possible for settlement on the first five calendar Wednesdays.
The capacity to mirror the daily pricing of the physical spot market was something requested by plastics companies, in particular Basell (PRW.com 3 January). The LME said it would announce a start date for the additional system when the timescale for the necessary IT changes has been worked out.
The second change involves extending the time period that PP and LLDPE will remain deliverable against an LME contract from 10 months to 36 months from production. This change takes effect from 3 July 2006.
Director of exchange development Neil Banks said: The contracts are trading as we expected and our research and feedback suggests that its the right time to make further enhancements. The new developments will make a significant contribution to the liquidity of the contracts and their increased use within the industry. |
Nicolas
