China’s Jan '14 LLDPE futures dip 0.98% on falling crude values

29 July 2013 10:16  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dropped by 0.98% on Monday, in tandem with the downward trend of international crude oil prices, industry sources said.

January ’14 LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 10,645/tonne ($1,736/tonne), down by CNY105/tonne from the previous settlement price of CNY10,750/tonne on 26 July.

Around 1.30m tonnes of LLDPE, or 521,598 contracts, for delivery in January were traded on Monday, according to the DCE data.

September NYMEX crude oil futures settled at $105/bbl (€79/bbl), down by 0.75% than the previous settlement.

($1 = CNY6.13)
($1 = €0.75)

By: Angie Li
+65 6780 4359

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