China September LLDPE futures rise 1.51% on firm spot prices

22 May 2013 10:55  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.51% on Wednesday, supported by firm spot domestic prices, industry sources said.

September LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,430/tonne on Wednesday, up by CNY155/tonne from Tuesday's settlement price of CNY10,275/tonne.

Around 1.36m tonnes of LLDPE for delivery in September or 545,570 contracts were traded on Wednesday, the DCE data showed.

Spot LLDPE prices in China were assessed at an average of yuan (CNY) 10,560/tonne on Wednesday, up by CNY10/tonne from the previous day, according to Chemease, an ICIS service in China.

($1 = CNY6.14)

By: Angie Li
+65 6780 4359

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