Dubai Gold & Commodities Exchange (DGCX, www.dgcx.ae), has again postponed the launch of its plastics futures trading scheme for PP and LLDPE in the Middle East and southeast Asia. James Bernard, executive director for plastics at Dubai Multi Commodities Centre, said the industry “needs more time to prepare for trading the contracts, in particular in light of the current economic climate.” Start of trading was initially announced for the third quarter of 2007, the date later set for 5 February 2009 (see Plasteurope.com of 15.06.2007).

DGCX said the rescheduling is in line with its strategy to “launch the right products at the right time.” Its CEO, Malcolm Wall Morris, said the exchange will continue to work with participants and will introduce the contracts “when the industry is ready.”