14 November 2012 08:29 [Source: ICIS news]
In addition, Chinese petrochemical giants Sinopec and PetroChina kept their offers stable for LLDPE resins for some regions on 14 November, further strengthening the positive outlook for the futures and spot markets, according to market sources.
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,905/tonne ($1,590/tonne), up by CNY65/tonne from the previous settlement price of CNY9,840/tonne on 13 November.
Around 1.11m tonnes of LLDPE, or 445,936 contracts, were traded for delivery in May, according to the DCE data.
($1 = CNY6.23)
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