04 November 2011 10:47 [Source: ICIS news]
January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,780/tonne ($1,540/tonne) on Friday, up by CNY220/tonne from Thursday’s settlement price.
About 1.4m January contracts totalling about 3.4m tonnes were traded on Friday, according to DCE data.
A strong rebound of LLDPE prices in the domestic physical market also boosted investor sentiment, futures brokers said.
Imported LLDPE was selling at CNY9,350-9,800/tonne EXWH (ex-warehouse) this week, CNY100-800/tonne higher from last week, according to Chemease, an ICIS service in
($1 = CNY6.35)
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