China’s January LLDPE futures mostly flat on subdued trade

17 October 2012 10:34  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 0.04% on 17 October on the back of stable spot prices and unclear market outlook, market players said.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,210/tonne ($1,631/tonne), down by CNY5/tonne, from the settlement price of CNY10,215/tonne on 16 October.

Around 938,000 tonnes of LLDPE, or 375,328 contracts, for delivery in January were traded on Wednesday, decreased by 11% compared with the previous day, according to DCE data.

The prices of locally produced LLDPE were assessed as stable at CNY10,450-10,900/tonne EXWH (ex-warehouse) on 17 October, according to Chemease, an ICIS service in China.

($1 = CNY6.26)

By: Amy Yu

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