The development of PP futures has entered a new stage after it was launched one year ago. In this March and April, PP futures witnessed an average daily trading volume of 998,900 contracts (bilateral). The PP futures price and the PP spot price were highly correlated, and the hedging function of PP futures was fully exerted. PP futures has become one of the major products in the domestic futures market, and it has provided a new channel for hedging of petrochemical enterprises.
Listed on February 28, 2014, PP futures is the 3rd product in the synthetic resin category listed in the domestic futures market after LLDPE and PVC and the 5th chemical product in China. Statistics show that as of April 30, 2015, PP futures had seen an accumulative trading volume of 0.12 billion contracts (bilateral, the same below) since its listing, converted to about 288.68 million ton of PP spot, with a total trading volume of RMB 5.1 trillion.