29 October 2012 10:36 [Source: ICIS news]
Fushun Petrochemical has been conducting trial runs at both its new 350,000 tonne/year high density polyethylene (HDPE) unit and 450,000 tonne/year HDPE/LLDPE unit.
January 2013 LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 9,955/tonne ($1,580/tonne), a decline from the previous settlement price of CNY10,310/tonne.
Around 2.18m tonnes of LLDPE, or 872,456 contracts, for delivery in January 2013 were traded on Monday, according to the DCE data.
($1 = CNY6.26)
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