China May LLDPE futures rise 1.43% on stock market gains

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

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.43% on Tuesday, tracking gains in the Chinese stock market, industry sources said.

May LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,990/tonne ($1,764/tonne), up by CNY155/tonne from the settlement price of CNY10,835/tonne on 28 January.

Around 0.75m tonnes of LLDPE or 298,434 contracts for delivery in May 2013 were traded on Tuesday, according to DCE data.

The Shanghai Composite Index increased by 12.47 points or 0.53% to close at 2,358.98 points on Tuesday.

($1 = CNY6.23)

By: Lizzie Yu

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