China LLDPE futures fall 0.43% on economic uncertainty

12 December 2012 09:45  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures slipped by 0.43% on Wednesday amid uncertainties in the global economy, industry sources said.

May 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,490/tonne ($1,678/tonne), down by CNY45/tonne from Tuesday’s settlement price of CNY10,535/tonne.

Around 1.30m tonnes of LLDPE or 518,752 contracts for delivery in May 2013 were traded on Wednesday, according to the DCE data.

($1 = CNY6.25)

By: Summer Zhang

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