China January LLDPE futures gain 0.73% on stock market gains

18 October 2012 11:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.73% on Thursday, tracking gains in the Chinese stock market, industry sources said.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,300/tonne ($1,645/tonne), up by CNY75/tonne from the settlement price of CNY10,225/tonne on Wednesday.

Around 805,725 tonnes of LLDPE or 322,290 contracts for delivery in January 2013 were traded on Thursday, according to DCE data.

The Shanghai composite index advanced 26.07 points or 1.24% to close at 2,131.69 on Thursday.

($1 = CNY6.26)

By: Amy Yu

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