China LLDPE futures gain 1.8% on foreign capital flow data

17 May 2013 10:51  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.80% on Friday, with market sentiment lifted by data showing that foreign direct investments into the country continued to grow, industry sources said.

September 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,185/tonne ($1,656/tonne), up by CNY180/tonne from Thursday's settlement price of CNY10,005/tonne.

Around 1.10m tonnes of LLDPE, or 440,278 contracts for delivery in September 2013 were traded on Friday, according to the DCE data.

China generated around $8.44bn (€6.58bn)  in foreign direct investments in April, up by 0.4%, year on year, official data showed.

($1 = CNY6.15 / $1 = €0.78)

By: Amy Yu

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