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May delivery contracts for both PP and LLDPE remained range bounce throughout the morning session. LLDPE futures showed a CNY25/ton ($4/ton) hike at CNY9560/ton ($1296/ton without VAT) while PP contract reduced CNY5/ton ($1/ton), reaching CNY9230/ton ($1248/ton without VAT).

Spot homo-PP offers in Eastern China stayed stable to CNY50/ton ($8/ton) at CNY‎‎‎9150-9300/ton ($‎‎1237-1258/ton without VAT) meanwhile LLDPE in Northern China stayed stable to CNY100/ton ($15/ton) reduction at CNY9450-9550/ton ($‎‎1278-1292/ton without VAT), both on a EXW China, cash equivalent.

Market sentiment remain slow and quiet approaching weekend, meanwhile more buyers are entering holidays, while players are expecting for significant slow trend next week as lots of the players will off for long holidays starting this weekend onward. A trader informed that he finally managed to sold 300 tons of PE cargoes in local market last evening after willing to offer as much as CNY200/ton ($32/ton) discount for serious deals, as they are in need for some cash flow before holidays.