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)
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