NewsFlashChina May LLDPE futures plunge 5%, trading halted

10 November 2011 03:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures plunged 5% on Thursday morning, prompting a halt in trades, as concerns over the eurozone debt crisis worsened on news of Italy’s soaring borrowing costs, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), was traded at yuan (CNY) 9,690/tonne ($1,526/tonne) on Thursday morning, CNY505/tonne lower from Wednesday’s settlement, according to DCE data.

Additional reporting by Amy Yu

By: Chow Bee Lin
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