China LLDPE futures rise 1.22% on higher crude oil prices

17 June 2013 09:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.22% on Monday on the back of higher international crude oil prices, industry sources said.

September 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,785/tonne ($1,759/tonne), up by CNY130/tonne from the previous settlement price of CNY10,655/tonne on 14 June 2013.

Around 1.81m tonnes of LLDPE, or 723,350 contracts, were traded for delivery in September 2013, according to the DCE data.

July NYMEX WTI crude oil futures closed at $97.85/bbl on 14 June, up by 1.20% compared with 13 June.

($1 = CNY6.13)

By: Summer Zhang

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