China LLDPE futures flat; no clear direction from physical market

09 November 2012 09:51  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures down by 0.05% on Friday, with the physical market offering no clear direction, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,985/tonne ($1,595/tonne), down by CNY5/tonne from Thursday’s settlement price of CNY9,990/tonne.

Around 1.38m tonnes of LLDPE or 550,796 contracts for delivery in May 2013 were traded on Friday, according to DCE data.

Spot LLDPE prices fluctuated at a narrow range on Friday, and were assessed at CNY10,800-11,100/tonne, according to Chemease, an ICIS service in China.

($1 = CNY6.26)


By: Lizzie Yu



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index