China September LLDPE futures rise 0.46% on firm crude prices

22 May 2012 09:44  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.46% on Tuesday on the back of firm crude prices, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,850/tonne ($1,556/tonne) on 22 May, up by CNY45/tonne from the settlement price of CNY9,805/tonne on 21 May.

Around 970,000 tonnes of LLDPE, or 387,870 contracts, for delivery in September were traded on Tuesday, according DCE.

At 09:36 GMT, US crude was quoted at $92.49/bbl while Brent crude was trading at $108.52/bbl.

($1 = CNY6.33)

By: Angie Li
+65 6780 4359

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