China September LLDPE futures up 1.4% on stock market gains

28 February 2013 08:21  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.4% on Thursday, tracking gains 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) 10,975/tonne ($1,764/tonne), up by CNY155/tonne from the settlement price of CNY10,820/tonne on 27 February.

Around 1.31m tonnes of LLDPE or 525,488 contracts for delivery in September 2013 were traded on Thursday, according to DCE data.

The Shanghai Composite Index increased by 52.37 points or 2.3% to close at 2,365.59 point on Thursday.

($1 = CNY6.23)

By: Lizzie Yu

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