24 October 2012 10:30 [Source: ICIS news]
January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,385/tonne ($1,662/tonne), up by CNY135/tonne from the settlement price of CNY10,250/tonne on 23 October.
About 1.49m tonnes of LLDPE or 595,618 contracts for delivery in January 2013 were traded on Wednesday, DCE data showed.
HSBC’s China PMI rose to a three-month high of 49.1 in October, although the number remains below the 50 threshold, which indicates expansion.
($1 = CNY6.25)
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