China futures: July LLDPE falls CNY810/tonne

04 July 2008 11:32  [Source: ICIS news]

SHANGHAI (ICIS news)--China linear low density polyethylene (LLDPE) futures for July settled yuan (CNY) 810/tonne ($118.25/tonne) lower amid ample supply on Friday from a week ago.

Most of the trades this week were settled at CNY15,155/tonne for September futures, with 313,994contracts, or around 1.6m tonnes of material, traded down from over 440,000 lots last week.

Rumours that Sinopec would likely decrease the prices of chemical products next week also pulled down the prices, traders said.

In the physical market, spot prices on Friday were at CNY14,800-15,700/tonne ex-warehouse (EXWH) east China compared with CNY14,600-15,600/tonne a week ago.

Weekly details for Dalian LLDPE contracts are given in the table. Additional data can be found on the exchange’s website.

Contract	Open	High	Low	Close	Settle	Volume
July	15,585	15,590	15,300	15,420	15,420	20
August	-	-	-	15,375	15,375	0
September	15,935	15,970	15,010	15,170	15,155	313,994
October	15,350	15,840	15,100	15,160	15,170	8,090
November	-	-	-	13,530	13,530	0
December	-	-	-	13,250	13,250	0
Jan 09	15,590	15,590	14,920	15,155	15,040	790
Feb 09	-	-	-	13,500	13,500	0
Mar 09	-	-	-	14,220	14,220	0
Apr 09	-	-	-	13,750	13,750	0
May 09	14,820	15,220	14,610	14,890	14,825	608
Jun 09	13,960	13,960	13,950	13,950	13,950	100
Total						323,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Dalian Futures Exchange

($1=CNY6.85)

By: Judith Wang
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly