China May LLDPE futures up by 1.06% on firm crude oil prices
02 March 2012 09:46 [Source: ICIS news]
SINGAPORE (ICIS)--
Brent crude oil price closed on 1 March higher by 2.89% from 29 February.
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,525/tonne ($1,671/tonne) on 2 March, up by CNY110/tonne from the settlement price at CNY10,415/tonne on 1 March.
Around 1.58m tonnes of LLDPE, or 633,646 contracts, for delivery in May were traded, according to the DCE data.
($1 = CNY6.30)
By: Lizzie Yu
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