China LLDPE futures gain 1.3% as crude hovers above $93/bbl

28 October 2011 10:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures closed 1.3% higher on Friday, buoyed by crude’s strong gains overnight.

January LLDPE, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at (yuan) CNY 9,545/tonne ($1,501/tonne), up CNY120/tonne from Thursday’s settlement price.

US crude for December delivery remained trading at above $93/bbl on Friday.

Some 2.74m tonnes of LLDPE, or 1.10m contracts for January delivery, were traded at the close of trade on Friday.

($1 = CNY6.36)

For more on polyethylene, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database



By: Amy Yu



AddThis Social Bookmark Button

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