China September LLDPE futures down by 0.7% on eurozone woes

07 June 2012 09:00  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures decreased by 0.7% on 7 June because of worries over the eurozone debt crisis, industry sources said on Thursday.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,190/tonne ($1,445/tonne) on 7 June, down by CNY65/tonne from the settlement price of CNY9,255/tonne on 6 June.

Around 2.96m tonnes of LLDPE, or 1,185,120 contracts, were traded for delivery in September, according to DCE data.

($1 = CNY6.36)

By: Lizzie Yu

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