03 December 2012 03:31 [Source: ICIS news]
Correction: In the ICIS news story headlined "China May LLDPE futures spike 4%, trading suspended" dated 3 December 2012, reference to trading suspension was removed in the headline and lead. A corrected story follows with recast headline and first paragraph.
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures surged 4% on Monday morning, hitting the maximum gain that can be generated for the day, industry sources said.
May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), were at yuan (CNY) 10,405/tonne around 11:15 Beijing time (03:15 GMT), up by CNY400/tonne from the settlement price of CNY10,005/tonne on 30 November.
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