02 July 2013 10:50 [Source: ICIS news]
January LLDPE futures, the most actively traded contract at the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,270/tonne ($1,673/tonne), up by CNY255/tonne from Monday’s settlement price of CNY 10,015/tonne.
Around 1.36m tonnes of LLDPE or 542,408 contracts for delivery in January 2014 were traded on Tuesday, according to DCE data.
US crude futures were at above $98/bbl in late-afternoon trade, while Brent crude was quoted at above $103/bbl.
($1 = CNY6.14)
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