China’s Sept ’13 LLDPE futures fall 1.46% on weaker stock market

26 March 2013 09:42  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures for September delivery dropped by 1.46% on Tuesday, because of a decline in the Chinese stock market, industry sources said.

September 2013 LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 10,435/tonne ($1,680/tonne) on 26 March, down by CNY155/tonne from the previous settlement price of CNY10,590/tonne.

Around 1.73m tonnes of LLDPE, or 692,802 contracts, for delivery in September 2013 were traded on Tuesday, according to DCE data.

The Shanghai Stock Exchange’s Composite Index decreased by 29.05 points, or 1.25%, to close at 2,297.67 on Tuesday.

($1 = CNY6.21)

By: Lizzie Yu

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