01 March 2012 10:15 [Source: ICIS news]
The production of agricultural films, which uses LLDPE as raw material, usually peaks in March, traders said.
May LLDPE futures, which is the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,370/tonne ($1,646/tonne) on Thursday, up by CNY10/tonne from the settlement price of CNY10,360/tonne on Wednesday.
Around 1.86m tonnes of LLDPE, or 743,854 contracts, for delivery in May were traded on Thursday, according to DCE data.
($1 = CNY6.30)
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