China’s September LLDPE futures down 1.61% on falling crude prices

12 April 2013 09:50  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dropped by 1.61% on Friday in tandem with the downward trend of crude oil prices, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,115/tonne ($1,631/tonne), down by CNY165/tonne from the previous settlement price of CNY10,280/tonne on 11 April.

Around 2.21m tonnes of LLDPE, or 883,896 contracts, for delivery in September were traded on Friday, according to the DCE data.

May NYMEX crude oil futures settled at $93.51/bbl overnight, down by 1.19% from the previous settlement.

($1 = CNY6.20)

By: Angie Li
+65 6780 4359

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