China’s September LLDPE futures rise 0.58% on firmer spot prices

25 June 2012 10:54  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.59% on Monday, in tandem with an increase in Chinese domestic LLDPE spot prices, industry sources said.

September LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,445/tonne ($1,483/tonne) on Monday, up by CNY55/tonne from the previous settlement price of CNY9,390/tonne on 21 June.

Trading in China was closed on 22 June for a public holiday.

Around 1.53m tonnes of LLDPE, or 612,050 contracts, for delivery in September were traded on Monday, the DCE data showed.

Spot LLDPE prices in China were assessed at CNY9,750-9,950/tonne on Monday, up by CNY50/tonne from 21 June, according to Chemease, an ICIS service in China.

($1 = CNY6.37)

By: Angie Li
+65 6780 4359

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