China’s September LLDPE futures dip 0.9% on weak demand

10 April 2012 11:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.9% on Tuesday because of weak demand, market players said.

The country’s economic outlook is uncertain, a producer said, adding that it received few orders in April amid shrinking margins and mounting feedstock cost.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at CNY10,575/tonne on 10 April, down by CNY100/tonne from the settlement price of CNY10,675/tonne on 9 April.

Around 2.02m of LLDPE, or 808,434 contracts, for delivery in September were traded on Tuesday, according to DCE data.

($1 = CNY6.31)

By: Angie Li
+65 6780 4359

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