BIZCHINA> Top Biz News
China launches PVC futures trading
Updated: 2009-05-25 15:44

China started the trading of polyvinyl chloride (PVC) futures contracts at 9 am at Dalian Commodity Exchange Monday, with September contract V909 opening 275 yuan ($40.3) higher at 6575 yuan per ton.

Related readings:
China launches PVC futures trading High time to develop futures trading in China
China launches PVC futures trading China launches early rice futures trading
China launches PVC futures trading Steel futures fare well on day one
China launches PVC futures trading Non-ferrous metal futures on a roll

After steel futures and rice futures, this is the third new futures trading launched in China this year.

PVC is a kind of synthetic resin widely used in construction, plumbing, electric wires and packaging. China is the world's largest PVC manufacturer, with an annual output of 8.82 million tons last year.

(For more biz stories, please visit Industries)