China's May ’13 LLDPE futures rise 1.3% on gains in stock market

28 January 2013 08:38  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose up by 1.3% on Monday, tracking the gains seen in the Chinese stock market, industry sources said.

The May ’13 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,885/tonne ($1,750/tonne), up by CNY140/tonne from the settlement price of CNY10,745/tonne on 25 January.

Around 0.85m tonnes of LLDPE or 338,786 contracts for delivery in May 2013 were traded on Monday, according to DCE data.

The Shanghai Composite Index increased by 55.2 points, or 2.41%, to close at 2346.5 point on 23 January.

($1 = CNY6.22)

By: Lizzie Yu

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