China LLDPE futures inch up 0.24% on stock market gains

05 December 2012 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.24% on Wednesday, tracking gains in the Chinese stock market, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,325/tonne ($1,657/tonne), up by CNY25/tonne from Tuesday’s settlement price of CNY10,300/tonne.

Around 1.07m tonnes of LLDPE or 426,062 contracts for delivery in May 2013 were traded on Wednesday, according to DCE data.

The Shanghai Composite Index increased 56.76 points or 2.87% to close at 2031.91 point on Wednesday.

($1 = CNY6.23)

By: Lizzie Yu

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