15 June 2012 10:43 [Source: ICIS news]
The rise was also driven by increases in the prices of futures such as rubber and purified terephthalic acid (PTA) futures, an industry source said.
September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at CNY9,400/tonne ($1,476/tonne) on 15 June, up by CNY90/tonne from the settlement price of CNY9,310/tonne on 14 June.
Around 2.2m tonnes of LLDPE, or 894,248 contracts, for delivery in September were traded on Friday, according to DCE data.
($1 = CNY6.37)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections