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Ignoring the escalated trade war between China and the USA, Dalian Commodity Exchange continues to advance further into the green zone this morning. Strong sales results in the previous trading day and sufficient support from futures market is pushing spot offers higher day-on-day. 

Details on the spot and futures prices are shown in the following table:

Total inventories at Sinopec and CNPC’s warehouses digested another 40,000 tons from yesterday to 670,000 tons as on 19 September 2018. 

Local sentiment remains healthy and in spite of mild resistance from buyers on the continuous rising spot prices, traders continue reporting satisfactory transactions. “Purchasing interest for LLDPE film is catching really well. This condition might persist throughout next week and this is a good thing,” a trader said.