22 October 2012 10:55 [Source: ICIS news]
NYMEX WTI crude futures dropped by $2.05/bbl to $90.05/bbl on Monday overnight, which dampened market sentiment. However, the downside was limited by LLDPE demand from downstream agricultural film sector, a market source said.
January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,215/tonne ($1,634/tonne), down by CNY45/tonne from the settlement price of CNY10,260/tonne on 19 October.
About 678,955 tonnes of LLDPE for delivery in January 2013 were traded on Monday, according to DCE.
($1 = CNY6.25)
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