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Dalian Commodity Exchange traded range bound throughout the morning session. Details on the spot and futures prices are shown in the following table:

Total inventories at Sinopec and CNPC’s warehouses piled up 80,000 tons from last Friday to 800,000 tons as on 15 October 2018. 

The market sentiment drop significantly compared to last week as buyers have either already replenished needed quantity of material or found it too risky to make new purchases at the current condition. 

“Inquiries for PP in the local ground is still better than PE this morning. Customers are rather concerned that PP supply might ease in the near term as more import cargoes arrived the market,” a trader said.