China’s January LLDPE futures rise by 0.39%

23 October 2012 10:57  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.39% on Tuesday, industry sources said.

The LLDPE futures market has been fluctuating recently as major market players retreated to the sidelines, waiting for a clear sign of improvement in the global economy, the sources added.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,225/tonne ($1,633/tonne), up by CNY40/tonne from the settlement price of CNY10,185/tonne on 22 October.

About 1.31m tonnes of LLDPE, or 524,940 contracts, for delivery in January 2013 were traded on Tuesday, according to DCE.

($1 = CNY6.26)

By: Angie Li
+65 6780 4359

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