28 September 2012 10:22 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures continued to inch up on Friday on the back of rising crude prices, but the weakness in the global economy still weighed on market sentiment, industry sources said.
January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,625/tonne ($1,687/tonne), up by 0.33% or CNY35/tonne from Thursday’s settlement price of CNY10,590/tonne.
Around 441,435 tonnes of LLDPE or 176,574 contracts for delivery in January 2013 were traded on Friday, according to DCE data.
At 17:17 ?xml:namespace>
($1 = CNY6.30 / $1 = €0.77)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections