China’s Jan LLDPE futures fall 0.14% on bearish market sentiment

10 October 2012 10:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures decreased by 0.14% on Wednesday on bearish market sentiment as the supply increased after Sinopec SABIC Tianjin Petrochemical, Daqing Petrochemical and Yangzi Petrochemical’s LLDPE plants restarted in October, industry sources said.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,425/tonne ($1,657/tonne), down by CNY15/tonne from the settlement price of CNY10,440/tonne on 9 October.

Around 0.89m tonnes of LLDPE or 357,220 contracts for delivery in January were traded on Wednesday, according to DCE data.

($1 = CNY6.29)

By: Lizzie Yu

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