China’s LLDPE futures up by 1.44% on higher crude oil prices

19 July 2012 09:23  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.44% on 19 July on back of increasing overnight crude oil prices, industry sources said on Thursday.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,215/tonne ($1,604/tonne) on Thursday, up by CNY145/tonne from the settlement price of CNY10, 070/tonne on Wednesday.

Around 1.36m tonnes of LLDPE, or 544,314 contracts, were traded for delivery in January, according to the data.

($1 = CNY6.37)

By: Doreen Zhao

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