China May LLDPE futures up by 0.60%, tracks physical market

04 January 2013 09:57  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 0.60% on Friday, tracking the gains in the physical LLDPE market, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,880/tonne ($1,746/tonne), up by CNY65/tonne from the settlement price of CNY10,815/tonne on 31 December.

Around 0.58m tonnes of LLDPE or 232,104 contracts for delivery in May 2013 were traded on Friday, according to DCE data.

In the spot market, LLDPE prices were at CNY11,250-11,400/tonne at the close of trade on Friday, up by CNY100-250/tonne from the previous week, according to Chemease, an ICIS service in China.

($1 = CNY6.23)

By: Lizzie Yu

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