Chinese Traders See Great Future in Plastics as Bets Jump: Chart

As polypropylene futures in China trade near the highest level in a year, the amount of outstanding contracts at the end of the day, or open interest, has hit a record. Traders are flocking to place bets on the plastic amid speculation that supplies will be curbed by producers shutting factories to cut pollution during a September G-20 summit in the eastern city of Hangzhou, according to Ma Liang, a Shenzhen-based analyst with China Merchants Futures Co. September is also when demand from farmers who build plastic greenhouses ahead of winter typically increases, he said.

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