China’s January LLDPE futures slip 0.24% on weak market demand

16 October 2012 10:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.24% as market players’ confidence remains weak amid weak market demand, industry sources said on Tuesday.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,210/tonne ($1,628/tonne), down by CNY25/tonne from the 15 October settlement price of CNY10,235/tonne.

Around 1.07m tonnes of LLDPE, or 426,028 contracts, for delivery in January were traded on Tuesday, decreased by 0.12m tonnes compared with the previous day, according to DCE data.

($1 = CNY6.27)

By: Rain Dong

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