China LLDPE futures up 1.21% on strong stock market gains

10 July 2013 11:37  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.21% on Wednesday, buoyed up by strong stock market gains, industry sources said.

January 2014 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,425/tonne, up by CNY125/tonne from Tuesday’s settlement price of CNY10,300/tonne.

Around 1.93m tonnes of LLDPE or 771,058 contracts for delivery in January 2014 were traded on 10 July, according to DCE data.

The Shanghai Stock Exchange composite index increased by 42.67 points, or 2.17%, to close at 2,008.13 on Wednesday.

($1 = CNY6.14)

By: Amy Yu

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