China’s LLDPE futures up 0.75% on hopes of US stimulus plan

27 August 2012 11:35  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.75% on Monday, on hopes of US's economic stimulus plan, industry sources said.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,005/tonne ($1,573/tonne) on 27 August, up by CNY75/tonne from the settlement price of CNY9,930/tonne on 24 August.

Around 1.35m tonnes of LLDPE, or 538,158 contracts, for delivery in January 2013 were traded on 27 August, according to DCE data.

($1 = CNY6.36)

By: Rain Dong

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