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Dalian Commodity Exchange extended firm stance for the morning session. September delivery contract for PP inched CNY69/ton ($11/ton) higher to reach CNY9204/ton ($1235/ton without VAT). Meanwhile, LLDPE contract added CNY55/ton ($9/ton) to reach CNY9440/ton ($1267/ton without VAT).   

Domestic homo-PP in Eastern China firmed up CNY100/ton ($16/ton) to CNY9100-9200/ton ($1221-1234/ton without VAT), EXW China, cash equivalent.

Spot LLDPE film in Northern China holds steady to CNY50/ton higher in the range CNY9550-9700/ton ($1281-1302/ton without VAT) with the same payment and delivery term.  

Domestic inventories reduced 40,000 tons to 810,000 tons as of 3 May 2018. Some traders informed to have concluded some deals today, meanwhile some claimed to have achieve weaker sales than yesterday. Players voicing concern over the sustainability of the firm trend, meanwhile commented that in the near term import offers going to gain competitiveness against domestic prices again if the firm trend continue, which might be supporting for higher import offers.