17 November 2011 08:27 [Source: ICIS news]
May 2012 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,685/tonne ($1,528/tonne) on Thursday, down by CNY160/tonne from the settlement price on 16 November.
This decline was despite the rise in NYMEX light sweet crude (WTI) for December delivery to $102.59/bbl.
About 5.8m tonnes, or 2.32m May contracts, were traded on Thursday, DCE data showed.
($1 = CNY6.34)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|