China May LLDPE futures fall 0.05% amid subdued trade

29 November 2011 08:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures closed 0.05% lower on Tuesday amid subdued trade, industry sources said on Tuesday.

May 2012 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,595/tonne ($1,502/tonne) on Tuesday, down by CNY5/tonne from the settlement price on 28 November.

About 2.9m tonnes, or 1.17m May contracts, were traded on Tuesday. The figure is 0.3m tonnes lower than the previous day, the DCE data showed.

Li Zhou Lei, an analyst at Shanghai CIFCO Futures, said LLDPE futures may not rise further in the short term because trade is limited.

($1 = CNY6.39)

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By: Amy Yu



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