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Dalian Commodity Exchange opens the trading day on rather soft notes; however, managed to recover some of the earlier loss by the time the morning session is closed. May delivery contract for LLDPE stood at CNY9975/ton ($1347/ton without VAT), a CNY10/ton ($2/ton) lower than the previous session. PP contract dropped CNY6/ton ($1/ton), reaching CNY9569/ton ($1292/ton without VAT).

There have not been any changes in spot offers in both Eastern and Northern China market on the final trading day of the week. Homo-PP prices in Eastern area unchanged at CNY‎‎9450-9550/ton ($‎1276-1289/ton without VAT), EXW China, cash equivalent.

Meanwhile, spot LLDPE film with the same payment and delivery term in Northern market ranging CNY9750-9900/ton ($‎1316-1337/ton without VAT).   

Pre-Lunar New Year replenishment activities are still happening, however the pace is slightly weaker than it was in the earlier days. “Delivery is a huge issue now amid heavy snowfall. Converters are not having the luxury of time to wait as logistic companies might soon going off for holiday.  We remain optimistic about the near term outlook,” a trader commented.