Friday, October 22, 2010

Plastics - They Have a Future, but no Futures

I've written earlier this year about my concerns with trying to run plastics through the futures markets, but now it appears that maybe these concerns are shared by others. The London Metal Exchange announced that due to a lack of volume, futures contracts for plastics will no longer be carried.

Despite the use of the term "commodity" to describe HDPE, LDPE and other polymers, they truly are not commodities, what with the numerous grades that exist.

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