China LLDPE futures rise 0.2% as market sentiment warms slightly

19 December 2011 08:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.2% on Monday as market sentiment has warmed slightly, easing the impact of short-term bearish factors such as the ongoing eurozone debt crisis, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,250/tonne ($1,457/tonne) on Monday, up by CNY25/tonne from the settlement price on 16 December.

About 2.32m tonnes, or 0.93m May contracts, were traded on Monday, DCE data showed.

($1 = CNY6.35)

By: Moon Chen
+65 6780 4359

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