14 November 2011 04:08 [Source: ICIS news]
May LLDPE futures, the most active contract on the Dalian Commodity Exchange (DCE), traded as high as (CNY) 10,035/tonne ($1,583/tonne), up by CNY475/tonne from Friday’s settlement price, prompting a trade halt.
Under DCE rules, daily futures price movement in the LLDPE market is capped at 5%.
About 64,625 tonnes or 25,850 May contracts were traded at CNY10,035/tonne as at 11:02
In the spot LLDPE market in
($1 = CNY6.34)
Additional reporting by Angie Li, Yu Jiao Jiao, Dong Yu Ling, Amy Yu
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