China LLDPE futures fall by 1.3% on weak fundamentals
07 November 2011 09:29 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures traded on the Dalian Commodity Exchange (DCE) closed at yuan (CNY) 9,610/tonne ($1,516/tonne) on Monday, down by CNY130/tonne from Friday’s settlement price of CNY9,740/tonne, because of the weak macroeconomic outlook.
According to the DCE’s data,
LLDPE futures will continue to fluctuate because many participants have lost confidence, said Hu Zhenglong an analyst with GuangFa Futures.
($1 = CNY6.34)
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