China LLDPE futures rise 1.00% on higher crude oil prices

20 June 2012 11:45  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.00% on Wednesday on higher crude oil prices, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,555/tonne ($1,516/tonne), up by CNY95/tonne from the previous settlement.

Around 1.31m tonnes of LLDPE, or 524,308 contracts, were traded for delivery in September, according to the DCE data.

July NYMEX crude oil futures settled at $84.03/bbl overnight, up by 0.91% on the previous close.

($1 = CNY6.36)

By: Summer Zhang

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