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The Dalian Commodity Exchange inched slightly higher in the first half of the trading day. PP contract closed the morning session at CNY18/ton ($3/ton) higher while LLDPE gained CNY10/ton ($2/ton). Both contract concluded at CNY9522/ton ($1256/ton without VAT) and CNY9980/ton ($1316/ton without VAT) before the break.  

Spot offers for homo-PP in Eastern China area continue to journey north, adding another CNY50/ton ($8/ton) from the previous day, reaching CNY‎9350-9500/ton ($1233-1253/ton without VAT).

Spot LLDPE film in Northern China is also joining the wagon with offers ranging CNY9850-9950/ton ($1299-1312/ton without VAT), EXW China, cash equivalent, up CNY50/ton ($8/ton) day on day.  

Trading activities in spot ground remains very much steady and converters do not seem to have strong interest in making fresh replenishment at the current market levels. Persistent low profit margins discourage converters from taking large quantity at once. On the other hand, suppliers are putting bullish bet on the near term outlook, expecting pre-Lunar New Year replenishment to take place as soon as next week.