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Futures contract on Dalian Commodity Exchange poses relatively weaker trend for morning session. May delivery contract for LLDPE increased CNY25/ton ($4/ton) to CNY9790/ton ($1277/ton without VAT) while PP contract slipped CNY22/ton ($3/ton), reaching CNY9267/ton ($1209/ton without VAT).

Eastern China market remains stable to CNY100/ton ($15/ton) lower day on day, with spot homo-PP stands in the range CNY‎9100-9200/ton ($1187-1200/ton without VAT), EXW China, cash equivalent.

Similarly, LLDPE film offers in Northern China stay stable to CNY50/ton ($8/ton) softer to CNY9500-9750/ton ($1240-1272/ton without VAT), with the same term.

Spot market sentiment remain weak with approaching year end period, converters mostly stayed at the sideline to wait and see, meanwhile softer price levels are unable to attract much buying appetite. Domestic producers claimed to have depleted their cargoes completely for year end period and showing sell idea with firmer stance for next week, which is beginning of whole new year.