China May LLDPE futures fall 1.5% on weak spot physical market

16 November 2012 10:07  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures declined by 1.5% on Friday, tracking declines in spot prices in the physical market, industry sources said.

May LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,750/tonne ($1,563/tonne), down by CNY150/tonne from Thursday’s settlement price of CNY9,900/tonne..

Around 1.36m tonnes of LLDPE or 545,912 contracts for delivery in May 2013 were traded on Friday, according to DCE data.

Spot domestic LLDPE prices in China were at CNY10,600-11,100/tonne EXWH (ex-warehouse) on Friday, down by $50/tonne at the low end of the assessed range in the previous day, according to Chemease, an ICIS service in China.

($1 = CNY6.24)


By: Amy Yu



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