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Dubai set to launch plastics futures in mid-December

Posted on 06 November 2008

From Icis.com: The Dubai Multi Commodities Centre (DMCC) and the Dubai Gold and Commodities Exchange (DGCX) expect to launch their Middle East and Asia plastics futures contracts in mid-December 2008, a DMCC official said .

“We don’t expect them to remain physical - we would like the contracts to be used as financial instruments to hedge against market volatility,” said James Bernard, associate director of commodities at DMCC….. Full Article: Source


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