15 October 2012 10:24 [Source: ICIS news]
The country’ monthly producer price index (PPI) – a gauge of wholesale prices – fell by 3.6% in September year on year, official data showed.
The figures have lowered market players' expectations that the country’s economic growth will improve in the fourth quarter, a broker said.
January LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 10,190/tonne ($1,625/tonne), down by CNY270/tonne from the settlement price of CNY10,460/tonne on 12 October.
Around 1.19m tonnes of LLDPE, or 474,772 contracts, for delivery in January were traded on Monday, according to DCE data.
($1 = CNY6.27)
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