Corrected: China’s September LLDPE futures fall by 0.4% on concerns over Greece

09 May 2012 10:21  [Source: ICIS news]

Correction: In the ICIS story headlined "China May LLDPE futures fall by 0.4% on concerns over Greece" dated 9 May 2012, please read the headline as "China’s September LLDPE futures fall by 0.4% on concerns over Greece".

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.4% because of the unstable political climate in Greece, industry sources said on Wednesday.

September LLDPE futures, which is the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,010/tonne ($1,586/tonne) on 9 May, down by CNY40/tonne from the settlement price of CNY10,050/tonne on 8 May, DCE data showed.

Around 1.48m tonnes of LLDPE, or 591,050 contracts, were traded for delivery in September, according to the data.

($1 = CNY6.31)


By: Amy Yu



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