China’s January LLDPE futures drop 0.63% on stock market losses

26 October 2012 09:40  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures drop by 0.63% on Friday, tracking losses in the Chinese stock market, industry sources said.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,270/tonne ($1,643/tonne), down by CNY65/tonne from the settlement price of CNY10,335/tonne on 25 October.

Around 990,090 tonnes of LLDPE, or 396,036 contracts, for delivery in January 2013 were traded on Friday, according to DCE data.

The Shanghai Stock Exchange Composite Index decreased by 35.37 points, or 1.68%, to close at 2,066.21 on 25 October.

($1 = CNY6.25)

By: Angie Li
+65 6780 4359

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