China's January LLDPE futures fall 1.1% on weaker market sentiment

22 August 2012 09:32  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dropped by 1.1% on the back of weak market sentiment, industry sources said.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,950/tonne ($1,564/tonne), down by CNY115/tonne from the settlement price of CNY10,065/tonne on 21 August.

Around 1.58m tonnes of LLDPE, or 633,742 contracts, for delivery in January 2013 were traded on 22 August, according to DCE data.

($1 = CNY6.36)

By: Amy 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