05 August 2011 03:31 [Source: ICIS news]
SINGAPORE (ICIS)--Linear low density polyethylene (LLDPE) futures on the Dalian Commodity Exchange (DCE) in ?xml:namespace>
The most actively traded January contract was transacted at yuan (CNY) 11,255/tonne ($1,748/tonne) on Friday morning, down CNY755/tonne or 5% lower from Thursday’s settlement at CNY11,845/tonne, DCE data showed.
According to the DCE’s trading rules, a transaction price established after a 5% fall from the preceding day’s settlement price becomes the floor price, and subsequent offers below this level are not accepted on the same trading day.
($1 = CNY6.44)
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