China LLDPE futures up 0.29% on hopes of better demand in March

29 February 2012 09:59  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.29% on Wednesday on expectations that downstream demand will improve in March, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,385/tonne ($1,648/tonne) on Wednesday, up by CNY30/tonne from the settlement price of CNY10,355/tonne on 28 February.

Around 820,000 tonnes of LLDPE, or 326,608 contracts, for delivery in May were traded on Wednesday, according to DCE data.

Demand for agriculture films, in which LLDPE is used in production, is expected to start picking up next month, market players said.

($1 = CNY6.30)

By: Amy Yu

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index