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)
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.
|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|
Asian Chemical Connections