China January LLDPE futures decline 1.32% on weaker crude futures

30 August 2013 10:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures fell by 1.32% on Friday after the recent dip in global crude futures weighed on market sentiment, industry sources said.

January LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,840/tonne, down by CNY145/tonne from the previous settlement price of CNY10,985/tonne on 29 August.

Around 1.64m tonnes of LLDPE, or 657,834 contracts, were traded for delivery in January, according to the DCE data.

($1 = CNY6.12)

By: Amy Yu

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