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May delivery contracts for both PP and PE extended weak trend throughout the morning session. LLDPE futures showed a CNY70/ton ($11/ton) decrease at CNY9720/ton ($1321/ton without VAT) while PP contract reduced CNY66/ton ($10/ton), reaching CNY9414/ton ($1279/ton without VAT).

Spot homo-PP offers in Eastern China decreased CNY50/ton ($8/ton) to CNY‎‎9350-9500/ton ($‎1271-1291/ton without VAT), EXW China, cash equivalent.

Meanwhile, LLDPE film offers in Northern China showed a CNY100/ton ($15/ton) reduction at CNY9650-9800/ton ($‎1311-1332/ton without VAT), with the same term.

Buying activities seems to be softer in the first half of today's trading session given the fact that more converters started to take off for the long Lunar New Year holidays. This condition is expected to exacerbate in the near term, sources said. "Mulch film manufacturers have completed pre-holiday replenishment and we might only hope to see some demand from PP buyers. We managed to sell only a small quantity this morning after conceding to CNY50/ton ($8/ton) discount from the previous day," a trader reported.