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May delivery contracts for both PP and LLDPE opened with firm note, however poses weak trend toward the end of the morning session, especially PP. LLDPE futures showed a CNY105/ton ($17/ton) decreased at CNY9505/ton ($1285/ton without VAT) while PP contract reduced CNY162/ton ($26/ton), reaching CNY9202/ton ($1244/ton without VAT).

Spot homo-PP offers in Eastern China decreased CNY100/ton ($15/ton) at CNY‎‎‎9200-9300/ton ($‎‎1244-1258/ton without VAT) meanwhile LLDPE in Northern China stayed stable to CNY100/ton ($15/ton) decreased at CNY9450-9650/ton ($‎‎1278-1305/ton without VAT), both on a EXW China, cash equivalent.

Market sentiment remains slow and quiet approaching weekend, especially with the significant weak trend of futures market. Sellers are actively offering discounts in the market, meanwhile small deals are being concluded at market low end prices, whereby some traders are replenishing cargoes at cheaper price level.