How do the regional plastics contracts work?
In addition to the global plastics contracts there are three regionalcontracts,one in each region (Asia, Europe and North America), for each of the PP and LL contracts. Contract specifications and delivery points for each regional contractare identical to their existing equivalent global contract. All brands that meet the listing criteria for global contractsare automatically listed for the relevant regional contract. Trading of the regional contractstakesplace on LMEselect and in the inter-dealer telephone market. The regional contracts for PP and LLare traded in the same price discovery period as the global LL and PP contracts.