China LLDPE futures fall again on eurozone debt concerns

11 November 2011 12:07  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 1.3% on Friday on lingering concerns over the eurozone sovereign debt crisis, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange, closed at (CNY) 9,570/tonne ($1,507/tonne) on Friday, down by CNY130/tonne from Thursday’s settlement price.

China’s LLDPE futures fell by 5% on Thursday.

About 4.7m tonnes, or 1,898,730 May contracts, were traded on Friday, data showed.

($1 = CNY6.35)

For more on LLDPE visit ICIS chemical intelligence

By: Chow Bee Lin
+65 6780 4359

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