The free one hour seminar, entitled ‘Managing Plastics Price Risk on the London Metal Exchange’, will provide attendees with an overview of the LME and its services; explain the new plastics contracts and how futures trading works, and provide examples of hedging and how it can add real value to business operations. The seminars have been designed for anyone directly involved in the global purchase or sale of polymers.
Commenting on these events, Neil Banks, LME Director of Exchange Development said:
“Futures contracts offer the plastics industry the opportunity to manage the risk of volatile prices through hedging on the Exchange, and the prices discovered at the LME will provide a transparent daily pricing mechanism.
Helping those in the industry to understand the benefits of futures contracts is of key importance to the Exchange and these seminars offer a valuable opportunity for anyone with an interest in plastics price risk management.”
The seminars will take place in the main Seminar Theatre of Hall 5 at the following times:
• 4th October: 11.00 – 12.00 hours
• 5th October: 14.00 – 15.00 hours
• 6th October: 11.00 – 12.00 hours
Those interested in attending should visit www.interplas-expo.com and visit the Education Programme section to register. Alternatively, email the LME directly at lme.education@lme.com to register your interest.
Background:
1. Further information on Interplas 2005 is available at www.interplas-expo.com
2. In addition to the seminars the LME has an exhibition stand at Interplas (No. 5384) where LME representatives will be available to answer any questions on the contracts
3. The LME commenced trading in polypropylene and linear low density polyethylene futures contracts on 27th May 2005, and it is the world’s premier non-ferrous metals futures and traded options exchange
4. Trading takes place through open outcry in ‘the ring’, through an inter-office telephone market and through LME Select
5. The LME turned over 72 million lots in 2004 which equates to around $3,500 billion
