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May delivery contracts for both PP and LLDPE hovering around weak note throughout the morning session. LLDPE futures showed a CNY80/ton ($13/ton) decreased at CNY9465/ton ($1284/ton without VAT) while PP contract reduced CNY61/ton ($10/ton), reaching CNY9169/ton ($1244/ton without VAT).

Spot homo-PP offers in Eastern China and LLDPE in Northern China stayed stable at the range of ] CNY‎‎‎9150-9300/ton ($‎‎1241-1262/ton without VAT) CNY9450-9550/ton ($‎‎1282-1296/ton without VAT) respectively, both on a EXW China, cash equivalent. However, sellers are willing to offer CNY50-100/ton ($8-15/ton) negotiations for serious deals.

Market sentiment remain slow in the morning whereby most of the players have off since past weekend for Chinese New Year holidays, meanwhile basically traders are claiming that these few days they are trying their best for chasing payment collections as well as arranging for some final batch of cargoes delivery before holidays. Trading activities are expected to be significantly slower these few days.