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



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