China Jan LLDPE futures up 0.19% on firmer crude oil prices

12 October 2012 09:29  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.19% on Friday because of firm crude oil prices, industry sources said on Friday.

Brent crude oil prices closed 1.21% higher on 11 October, compared with the previous day.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,380/tonne ($1,653/tonne), up by CNY20/tonne from the 11 October settlement price of CNY10,360/tonne.

Around 1.61m tonnes of LLDPE or 643,100 contracts for delivery in January were traded on Friday, according to DCE data.

($1 = CNY6.28)

By: Lizzie Yu

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