China LLDPE futures fall 0.77% on unclear economic prospects

06 December 2011 09:46  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.77% on Tuesday as uncertainty over the global economic prospects weighed on market sentiment, industry sources said.

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.

About 2.19m tonnes of LLDPE, or 879,076 May contracts for delivery, were traded, the data showed.

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)

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

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index