Plastics Futures

    As plastics pricing continues to become more volatile, resin is now trading in futures markets and can be found on the CME NYMEX Clearport (Chicago Mercantile Exchange) under symbols P6 (HDPE) and P1 (PP Homopolymer).

     

     

    CME Clearport

    The Chicago Mercantile Exchange launched its NYMEX Clearport Ethylene Contract on July 1, 2009. It is an OTC contract, meaning that trades are guaranteed by the Exchange but specific deal information is not disclosed. The contract posts a settled price each day for a 24-month forward market. Full contract specifications can be found at http://www.nymex.com/1F_spec.aspx.