CommoPlast

China Morning Snapshot - 16 July 2018

China Morning Snapshot - 16 July 2018



China market wraps up the morning session on a positive side today. Details on the spot and futures prices are shown in the following table:

The domestic spot market is in the warm-up stage on the early trading hours on the first trading day of the week. Transactions are thin as buyers are resisting the continuous firming trend while the market appears to be more active at the lower end of the overall price range.   

Total inventories at Sinopec and CNPC’s warehouses pile up 70,000 tons over the weekend to approximate 735,000 tons as of 16 July 2018.