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, ?xml:namespace>
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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