CommoPlast

China Morning Express: 06 November 2017

China Morning Express: 06 November 2017



PP futures for January delivery ended the morning session at CNY9092/ton ($1170/ton without VAT), up CNY184/ton ($28/ton).
LL futures for January delivery ended the morning session at CNY9850/ton ($1268/ton without VAT), up CNY155/ton ($23/ton).

PP spot market in East China at CNY8900-9000/ton ($‎1146-1158/ton without VAT), stable to CNY150/ton ($23/ton) increased as compared to last Friday.

LL spot market in North China at CNY9650-9700/ton ($‎1242-1249/ton without VAT), stable to CNY50/ton ($8/ton) increased as compared to last Friday.

Futures market remains mostly in the green side throughout the morning session, which cast positive effect on the spot market. Most buyers started asking for new offers considering low inventories on hand, generating satisfactory number of transactions. Meanwhile, players continue seeing extreme tightness in HDPE film supply and opinion regarding the near term outlook for this grade has not changed.