Strategic tie - up of NCDEX with Polymerupdate

Futures contracts in 3 most versatile Polymers viz Polypropylene (PP), Linear Low density Polyethylene (LLDPE) & Polyvinyl Chloride (PVC) were launched for trading on the NCDEX platform by Shri Mukesh D. Ambani, CMD, Reliance Industries Limited on the 16th of April 2007. Since then NCDEX has received encouraging responses from the Industry participants as well as other market participants who actively contribute in the derivatives markets. With a motive to discover and disseminate real time prices for Polymers in India by actual trading in futures contracts and to provide the availability of

this risk hedging tool to the entire value chain of the Polymer Industry, NCDEX has been continuously attempting to inform and educate the Polymer Industry to understand and come forward to hedge the risk that they have always been carrying due to volatility in prices. Moving forward in this endeavor NCDEX today said that they were proud to announce a strategic tie Polymerupdate, provider of real time news and price alerts has grown to become a preferred destination for local as well as global players seeking plastics and petrochemical intelligence. Polymerupdate subscribers include most of the regions leading resin producers, processors, traders, consultant firms, investment bankers, credit rating agencies, as well as renowned international information services, news, and media companies who access polymerupdate for gaining superior market knowledge.

Mr. Shrikant S., Chief Business officer, NCDEX said, " this tie - up would strategically integrate the Polymer industry with the Derivative market participants as Polymerupdate would showcase almost real time prices of polymers been traded on NCDEX platform are at the same time provide current happenings in the Polymer domain across the globe, thereby catering to the requirements of all market participants and provide a synergizing effect". Commenting on the benefits of plastics futures trading, Mr. Sajjid Mitha, CEO and Founder of polymerupdate.com said, "in order to insulate producers and consumers from the adverse effects of pricing volatility on their margins, a hedging tool is an imperative. The NCDEX plastics futures provide just that and must become a routine part of every industry participant~s daily business life, with immediate effect." Mr. Mitha said, "for polymerupdate to be associated with a renowned commodities exchange entity like NCDEX is a great honour. I am certain that a large number of our subscribers will benefit greatly from their membership of the exchange. Plastics futures trading will pick up in India and before long converters will see the immense advantage of hedging their risks using this most valuable risk management tool."