China LLDPE futures up 1.7% on upbeat outlook post-Lunar New Year
20 January 2012 09:06 [Source: ICIS news]
SINGAPORE (ICIS)--
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,135/tonne ($1,604/tonne) on Friday, up by CNY165/tonne from the settlement price of CNY9,970/tonne on Thursday.
Around 1.52m tonnes of LLDPE, or 606,530 contracts, for delivery in May were traded on Friday, according to DCE data.
The Chinese market will be closed on 22-28 January for the Lunar New Year festivity.
($1 = CNY6.32)
By: Angie Li
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