China LLDPE futures fall by 0.9% on drop in stock market

30 November 2011 08:58  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.9% on 30 November as China’s equity market weakened, industry sources said on Wednesday.

May LLDPE futures, which is the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,480/tonne ($1,490/tonne) on 30 November, down by CNY90/tonne from the settlement price at CNY9,570/tonne on 29 November.

About 3.10m tonnes, or 1,239,686 contracts, were traded for delivery in May, the data showed.

Some market players said the LLDPE futures will remain volatile as the equity market stabilises.

($1 = CNY6.38)

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By: Amy Yu

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