China’s September LLDPE futures drop 1.81% on weaker stock market

26 February 2013 07:57  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dropped by 1.81% on Tuesday, tracking the decrease in the Chinese stock market, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,845/tonne ($1,738/tonne), down by CNY200/tonne from the settlement price of CNY11,045/tonne on 25 February.

The Shanghai Stock Exchange Composite Index decreased by 32.48 points, or 1.40%, to close at 2,293.34 points on 26 February.

Around 1.74m tonnes of LLDPE, or 695,596 contracts, for delivery in September 2013 were traded on 26 February, according to DCE data.

($1 = CNY6.24)

By: Lizzie Yu

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