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

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