China LLDPE futures rise 1.7% on firmer global crude prices

07 December 2011 08:06  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.7% on Wednesday as global crude oil prices have firmed, industry sources said.

May 2012 LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,805/tonne ($1,547/tonne) on Wednesday, up by CNY160/tonne from the settlement price of CNY9,645/tonne on 6 December.

About 2.89m tonnes of LLDPE or 1,154,084 May contracts were traded, the data showed.

($1 = CNY6.34)

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By: Amy Yu

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