China May LLDPE futures fall 3% on bearish sentiment

16 November 2011 09:00  [Source: ICIS news]

SINGAPORE (ICIS)--China’s May linear low density polyethylene (LLDPE) futures fell 3% on Wednesday as the eurozone debt crisis continued to weigh on market sentiment, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at CNY9,610/tonne ($1,513/tonne) on Wednesday, down by CNY295/tonne from the settlement price on Tuesday.

About 4.48m tonnes of LLDPE, or 1.79m contracts for May, were traded at the close of Wednesday’s trade, according to DCE data.

($1 = CNY6.35)

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By: Moon Chen
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