China September LLDPE futures trading suspended after falling 4%

04 June 2012 03:54  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures trading has been suspended after falling by 4% on Monday morning because of bearish market sentiment, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), were at yuan (CNY) 9,310/tonne ($1,461/tonne) at 10:30 hours Beijing time (02:30 GMT) on 4 June, down by CNY385/tonne from the settlement price of CNY9,695/tonne on 1 June.

Market players remained at the sidelines as the extent of the decline was larger than expected, they said.

($1 = CNY6.37)

By: Amy Yu

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