December 2, 2015 Updated 12/2/2015
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The Houston Mercantile Exchange might be able to help North American resin makers find a home for some of the new polyethylene resin they’re adding.
The 8-year-old HMX is an online trading platform for polymers, chemicals and energy products. The exchange matches buyers and sellers and can offer physical delivery or can alleviate price risk through futures contracts.
“Our service gives the ability to meet customer needs,” President and CEO Eric Paulsen said. “We can transfer price risk outside of polymers. That creates more efficient capital use and establishes true commodity value.”
To date, most of HMX’s commodity plastics work has been in PE and polypropylene.
