06 December 2011 09:46 [Source: ICIS news]
May LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,670/tonne on Tuesday, down by CNY75/tonne from Monday’s settlement price of CNY9,745/tonne.
Given current weak market fundamentals, LLDPE prices are still expected to fluctuate in a narrow range, said by Li Zhoulei, an analyst at brokerage Shanghai CIFCO Futures.
($1 = CNY6.34)
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