China’s May LLDPE futures rise 0.6% on firmer crude oil prices

07 November 2012 08:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 0.6% on Wednesday on the back of firmer crude oil prices, industry sources said.

Brent crude oil prices closed on 6 November was 3.1% higher than the prices on 5 November.

May 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,055/tonne ($1,609/tonne), up by CNY60/tonne from the settlement price of CNY9,995/tonne on 6 November.

Around 1.29m tonnes of LLDPE or 515,054 contracts for delivery in May were traded on Wednesday, according to DCE data.

($1 = CNY6.25)


By: Lizzie Yu



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