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)

For more on linear low density polyethylene, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections

By: Amy Yu

AddThis Social Bookmark Button

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.

Printer Friendly