19 April 2013 09:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 3% on Friday in a technical rebound on the back of a stronger Chinese stock market, industry sources said.
September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 9,860/tonne ($1,595/tonne), down by CNY285/tonne from the settlement price of CNY9,575/tonne on 18 April.
Around 1.80m tonnes of LLDPE or 718,486 contracts for delivery in September 2013 were traded on 19 April, according to DCE data.
The Shanghai Stock Exchange’s Composite Index increased by 47.04 points, or 2.14%, to close at 2,244.64 on 19 April.
($1 = CNY6.18)
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