To ease the pressure on the warehouse capacity in southern China and ensure smooth delivery of plastic futures, the Dalian Commodity Exchange (DCE) issued a notice to announce the formal opening of Guangzhou Chuan Jinlu Logistics Co., Ltd. as the LLDPE designated delivery warehouse on August 29. By now, the number of the DCE LLDPE delivery warehouses has increased from 9 early this year to 13.
It is reported that the current 13 LLDPE designated delivery warehouses of DCE are scattered in the three concentrated areas of actuals consumption of the East, South and North China, among which, the East China is the LLDPE benchmark delivery area with the largest LLDPE actuals consumption, more representative prices and the most delivery warehouses. With the constantly increasing demands for delivery of the enterprises in the South China, the DCE has increased the warehouses and the capacity of the warehouses in a bid to meet the demands for the LLDPE futures delivery.
