13 March 2012 09:37 [Source: ICIS news]
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,700/tonne ($1,690/tonne), up by CNY165/tonne from the previous settlement price of CNY10,535/tonne on 12 March.
“The two petrochemical giants, Sinopec and PetroChina, both hiked their offers...,” a Shanghai-based spot market trader said.
In the eastern spot market, prices for the locally produced cargoes were assessed at CNY10,400-10,700/tonne, up by CNY200-350/tonne from 9 March’s levels at CNY10,200-10,350/tonne, according to Chemease, an ICIS service in
($1 = CNY6.33)
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