26 July 2011 12:51 [Source: ICIS news]
The January LLDPE contract closed at CNY12,180/tonne ($1,888/tonne) on Tuesday, CNY495/tonne or 4.2% higher from Monday’s closing price of CNY11,685/tonne, according to data from the Dalian Commodity Exchange.
Further hikes in the physical PE market could drive the futures market higher, local futures brokers said.
Some traders in eastern
However, many traders in southern
Downstream demand is weak because many plastics processors in
($1 = CNY6.45)
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