China May LLDPE futures rise 0.32% on firmer physical values

22 December 2011 08:33  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.32% on Thursday on rising physical market prices, industry sources said.

LLDPE physical market prices in east China were at yuan (CNY) 8,950-9,000/tonne ($1,414-1422/tonne) ex-warehouse on Thursday, an increase of around CNY100/tonne compared with 19 December, according to data from Chemease, an ICIS service in China.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at CNY 9,385/tonne ($1,480/tonne) on Thursday, an increase of CNY30/tonne from Wednesday’s settlement price.

About 1.83m tonnes, or 0.73m May contracts, were traded on Thursday, DCE data showed.

($1 = CNY6.34)

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By: Moon Chen
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