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The morning session on Dalian Commodity Exchange opened with firm note, however poses further softening trend. Both PP and LLDPE contracts for May delivery reduced CNY57/ton ($9/ton) and CNY25/ton ($4/ton) respectively. PP closes the first half of the trading day at CNY9008/ton ($1165/ton without VAT) while LLDPE at CNY9410/ton ($1217/ton without VAT).       

Spot PP in Eastern China stands in the range CNY9150-9350/ton ($‎‎1168-1201/ton without VAT), a CNY50-100/ton ($8-15/ton) firmer as some producers still insisted on firmer trend claiming low inventory pressures, meanwhile spot LLDPE film traded in Northern China at CNY9500-9650/ton ($‎‎1227-1252/ton without VAT), a stable to CNY50/ton ($8/ton) weaker as compared to yesterday. All based on EXW China, including VAT, cash term.

Market sentiment were weak especially after futures market poses significant softening trend after opened with firm note, as approaching weekend period, most of the buyers tend to be more cautious staying at the sideline. Some traders are willing to offer discounts for serious deals, however, unable to attract any buying interests.