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Indias NCDEX is to launch futures trading in PVC

April 04/2011

(Plastemart) -- Indias second leading commodity bourse NCDEX is to launch futures trading in Polyvinyl chloride (PVC). It has also decided to relaunch Brent crude oil futures with modified contract specification.

Futures contracts expiring in May, June, July and August of 2011 in PVC would be available for trading from April 4. Members (brokers) registered with the exchange are allowed to trade up to 20 KT, while that of individual can trade up to 5 KT. The unit of trading would be 5 tons and prices will be settled based on the last spot price of the day as polled by the Exchange on the last trading day of the contract.

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