26 December 2013 09:47 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures rose by 1.27% on Thursday because of largely bullish spot prices, industry sources said.
May LLDPE futures – the most actively traded contract on the Dalian Commodity Exchange (DCE) – closed at yuan (CNY) 11,180/tonne ($1,842/tonne), up from the previous settlement price of CNY11,040/tonne.
In the spot market, prices for locally produced cargoes were assessed at CNY11,700-12,300/tonne on 26 December, up at the low end from CNY11,550-12,300/tonne on 25 December, according to Chemease, an ICIS service in China.
Around 886,600 tonnes of LLDPE, or 354,640 contracts, were traded for delivery in May, according to the DCE data.
($1 = CNY6.07)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections