30 January 2012 05:28 [Source: ICIS news]
The LLDPE prices rose to CNY9,600-9,850/tonne EXWH (ex-warehouse) on Monday from CNY9,500-9,800/tonne EXWH on 20 January, according to data from Chemease, an ICIS service in
May LLDPE futures, the most actively traded contract on the DCE, closed at CNY10,285/tonne at noon on Monday, up by CNY240/tonne from the settlement price at CNY10,045/tonne on 20 January.
The LLDPE futures are firmer on increasing demand, following the Lunar New Year holiday on 22-28 January.
In addition, the spot prices may continue to rise in near term because some buyers are planning to purchase feedstock polyethylene (PE) after the Lunar New Year holiday on 22-28 January, local traders said.
($1 = CNY6.33)
Additional reporting by Angie Li, Rain Dong and Lizzie Yu
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