China September LLDPE futures rise 0.81% on stronger crude prices

04 July 2012 09:46  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.81% on 4 July on stronger crude oil prices, industry sources said on Wednesday.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,000/tonne ($1572/tonne) on 4 July, up by CNY80/tonne from the settlement price of CNY9,920/tonne on 3 July.

Around 1.51m tonnes of LLDPE, or 602,770 contracts, were traded for delivery in September, according to DCE data.

Brent crude closed at $100.68 on 3 July, 3.34% higher than the previous day.

($1 = CNY6.36)

By: Lizzie Yu

AddThis Social Bookmark Button

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.

Printer Friendly