07 May 2012 05:16 [Source: ICIS news]
Locally produced LLDPE was sold at yuan (CNY) 9,800-10,300/tonne ($1,558-1,638/tonne) EXWH (ex-warehouse) in the morning, down by CNY50-100/tonne from CNY9,900-10,350/tonne EXWH on 4 May, according to Chemease, an ICIS service in
Liquidity on Dalian Commodity Exchange’s (DCE) LLDPE futures was focused on the September contract, which closed at CNY9,985/tonne at noon on 7 May, down by CNY300/tonne from the settlement price at CNY10,285/tonne on 4 May, according to DCE data.
Traders lost confidence in the physical PE market and reduced their offers to offload their inventories, said distributors in south
Traders in east
($1 = CNY6.29)
Additional reporting by Lizzie Yu, Doreen Zhao and Rain Dong
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