China LLDPE futures rise 0.2% on increasing crude oil futures

20 November 2012 09:19  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.2%  on Tuesday in tandem with an uptrend in crude oil prices, although the weak downstream sectors continued to weigh on the spot LLDPE market, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,825/tonne ($1,575/tonne), up by 0.2% or CNY20/tonne from the settlement price of CNY9,805/tonne on 19 November.

Around 815,935 tonnes of LLDPE or 326,374 contracts for delivery in May 2013 were traded on Tuesday, according to DCE data.

January NYMEX crude oil futures settled at $89.28/bbl overnight, up by 2.72% on the previous close.

($1 = CNY6.24)


By: Angie Li
+65 6780 4359



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