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May delivery PP and LLDPE futures extended weak trend throughout the morning session. PP contract loses CNY116/ton ($18/ton) to CNY9045/ton ($1223/ton without VAT) while LLDPE closed at CNY9375/ton ($1268/ton without VAT), a decrease of CNY90/ton ($14/ton).

Continuous weak futures market has pressured domestic sellers to cuts offers for both PP and PE by additional CNY50-100/ton ($8-16/ton) from yesterday. Homo-PP offers in Eastern China stand in the range CNY‎‎‎8900-9050/ton ($‎‎1204-1224/ton without VAT), EXW China, cash equivalent. LLDPE film offers in Northern China are reported at CNY9250-9500/ton ($‎‎1251-1285/ton without VAT), with the same term.

Except for LDPE heavy duty, purchasing interest for other grades is pretty soft. Traders remain hopeful that demand condition would slowly pick up while couple of others started down adjust export offers in order to deplete on hand inventories.