China LLDPE futures fall 1%; track stock market losses

24 August 2012 10:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures declined by 1% on Friday, in line with losses in the Shanghai bourse, industry sources said.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,915/tonne ($1,561/tonne), down by CNY100/tonne from the settlement price of CNY10,015/tonne on 23 August.

Around 1.65m tonnes of LLDPE or 661,176 contracts for delivery in January 2013 were traded on 24 August, according to DCE data.

At the close of trade on Friday, the Shanghai composite index was down 20.97 points or 0.99% at 2,092.10.

($1 = CNY6.35)

By: Amy Yu

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