25 November 2011 08:27 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.3% on Friday as the market sentiment has warmed up slightly, industry sources said.
The change in sentiment is attributed to the easing of short-term bearish factors, such as the ongoing eurozone debt crisis.
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange, closed at yuan (CNY) 9,365/tonne ($1,470/tonne) on Friday, up by CNY30/tonne from Thursday’s settlement price of CNY9,335/tonne.
($1 = CNY6.37)
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