China May LLDPE futures rise by 1.1% on firmer crude

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

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures have increased by 1.1% on Wednesday because of rising crude futures and the physical market prices of LLDPE, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), rose by yuan (CNY) 105/tonne ($17/tonne) to close at CNY9,350/tonne on Wednesday, from Tuesday’s settlement price.

About 1.68m tonnes, or 0.67m May contracts, were traded on Wednesday, the DCE data showed.

($1 = CNY6.35)

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By: Moon Chen
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