China’s LLDPE futures down by 1.94% on poor stock market

12 March 2013 07:49  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 1.94% on Tuesday on back of a slipping Chinese stock market, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,345/tonne ($1,663/tonne), down by CNY205/tonne from the settlement price of CNY10,550/tonne on 11 March.

Around 1.79m tonnes of LLDPE or 715,134 contracts for delivery in September 2013 were traded on Tuesday, according to DCE data.

The Shanghai Composite Index decreased by 23.99 points or 1.04% to close at 2,286.60 points on Tuesday.

($1 = CNY6.22)

By: Doreen Zhao

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