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
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly