China LLDPE futures fall 0.34% on concerns over global economy

14 February 2012 10:57  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.34% on Tuesday amid uncertainty in the global economic outlook, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,190/tonne ($1,617/tonne) on Tuesday, down by CNY35/tonne from the settlement price of CNY 10,225/tonne on Monday.

Around 1.06m tonnes of LLDPE, or 425,002 contracts, for delivery in May were traded on Tuesday, according to DCE data.

($1 = CNY6.30)

By: Lizzie Yu

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