China May LLDPE futures rise 0.7% on firmer crude prices

20 December 2011 08:16  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.7% on Tuesday, as a result of the overnight gains seen in crude prices, industry sources said.

May 2012 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,285/tonne ($1,465/tonne) on Tuesday, CNY70/tonne higher than Monday’s settlement price.

About 2.18m tonnes, or 0.87m May contracts, were traded on Tuesday, data from the DCE showed.

($1 = CNY6.34)

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By: Moon Chen
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