China’s May ’13 LLDPE futures flat on stable spot prices

15 January 2013 10:08  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures were largely unchanged on Tuesday, because spot prices of physical LLDPE were stable, according to industry sources.

The May ‘13 LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 10,645/tonne ($1,711/tonne), up by CNY5/tonne from the settlement price of CNY10,640/tonne on 14 January.

Around 1.22m tonnes of LLDPE, or 889,802 contracts, for delivery in May this year were traded on Tuesday, DCE data showed.

Domestic spot LLDPE prices in China were assessed at CNY11,100-11,400/tonne EXWH (ex-warehouse) on Tuesday, unchanged from Monday’s prices, according to Chemease, an ICIS service in China.

($1 = CNY6.22)

By: Rain Dong

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