China May LLDPE futures dip 0.98% on eurozone concerns

09 November 2011 10:34  [Source: ICIS news]

SINGAPORE (ICIS)--China’s May linear low density polyethylene (LLDPE) futures fell by 0.98% on Wednesday as the ongoing eurozone debt crisis continued to weigh on investor sentiment, industry sources said.

The most actively traded contract on the Dalian Commodity Exchange (DCE) closed at yuan (CNY) 10,060/tonne ($1,584/tonne) on Wednesday, CNY100/tonne lower from Tuesday’s settlement, according to DCE data,

About 3m tonnes or 1,244,660 May contracts were traded on Wednesday, the data showed.

January LLDPE contract, the second most actively traded contract on the DCE, closed at CNY9,535/tonne on Wednesday, CNY110/tonne or 1.1% lower from Tuesday’s settlement, according to DCE data.

About 1.2m tonnes or 480,010 January contracts changed hands, the data showed.

($1 = CNY6.35)


By: Chow Bee Lin
+65 6780 4359



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