19 September 2011 10:37 [Source: ICIS news]
According to the Dalian Commodities Exchange (DCE), 3.19m tonnes of LLDPE, or 1.3m contracts for the material, were traded for delivery in January by the close of trade on 19 September.
“Market players are still worried about the economy, which is under [threat from] the European debt [crisis],” said Shi Minzhu, an analyst from Chinese firm, Nanhua Futures.
“In addition, the demand [for LLDPE] is soft because plastic manufacturers are [experiencing a shortage in] capital,” Shi added.
($1 = CNY6.38)
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