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China Morning Snapshot – 15 April 2021China Morning Snapshot – 15 April 2021 |
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Dalian Commodity Exchange concludes the first half of the trading day in the green with support from the reviving energy complex.
Details on the spot and futures prices are shown in the following table:
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15 April 2021 |
Prices in CNY |
USD Equivalent |
Changes in CNY |
Changes in USD |
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Combined and reported by CommoPlast |
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Dalian Commodity Exchange (Mid-day closing) |
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PP 2105 |
CNY 8620 |
USD 1165 |
+CNY 56 |
+USD 9 |
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LLDPE 2105 |
CNY 8315 |
USD 1123 |
+CNY 115 |
+USD 18 |
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Spot Domestic Prices (EXW China, Cash equivalent) |
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PPH (East China) |
CNY 8750-8900 |
USD 1182-1202 |
+CNY 50 |
+USD 8 |
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LLDPE (North China) |
CNY 8300-8600 |
USD 112-1162 |
+CNY100/-CNY 50 |
+USD 15/-USD 8 |
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**All USD equivalent prices are exclusive of 13% VAT |
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Total PP and PE stocks in the local market digested another 10,000 tons from the previous trading day to 915,000 tons as of 15 April 2021.
Trading sentiment in the domestic spot market remains mediocre in spite of the firming Dalian Commodity Exchange. There have been constant reports on the active forward selling activities among local traders for May delivery cargoes at CNY100/ton below the current market levels, indicating the lack of confidence in the market outlook.
Country
China
