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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections