China May LLDPE futures fall 0.95% on stock market losses

13 December 2012 09:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dipped by 0.95% on Thursday, tracking losses in the Chinese stock market, industry sources said.

May 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,400/tonne ($1,664/tonne), down by CNY100/tonne from Wednesday’s settlement price of CNY10,500/tonne.

Around 1.47m tonnes of LLDPE or 588,560 contracts for delivery in May 2013 were traded on Thursday, according to the DCE data.

The Shanghai Stock Exchange Composite Index fell by 21.25 points or 1.02% to close at 2,061.48.

($1 = CNY6.25)

By: Rain Dong

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