China LLDPE futures rise 0.40% on crude's overnight gains

16 August 2012 12:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.40%, largely taking the cue from crude’s strong gains overnight, industry sources said.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,015/tonne ($1,575/tonne), up by CNY40/tonne from the previous settlement.

Around 1.86m tonnes of LLDPE or 744,296 contracts for delivery in January 2013 were traded on Thursday, according to DCE data.

US crude settled at $94.33/bbl on Wednesday, up by 0.96% from the previous day.

($1 = €0.81 / $1 = CNY6.36)

By: Angie Li
+65 6780 4359

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