China September LLDPE futures gain 1.49% on rising spot prices

05 June 2013 09:52  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures increased by 1.49% on Wednesday, in line with rising domestic spot prices of the polyolefin, industry sources said.

September LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,540/tonne ($1,719/tonne) on Wednesday, up by CNY155/tonne from Tuesday’s settlement price of CNY10,385/tonne.

Around 2.01m tonnes of LLDPE or 803,902 contracts for delivery in September were traded on Wednesday, according to the data.

In eastern China, spot prices for locally produced LLDPE cargoes were assessed at CNY10, 550-10,650/tonne, up by CNY50/tonne from 4 June, according to Chemease, an ICIS service in China.

($1 = CNY6.13)

By: Doreen Zhao

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly