Jul 08, 2025 4:31 a.m.

China Morning Snapshot - 18 July 2018

China Morning Snapshot - 18 July 2018

Title

Available in

Dalian Commodity Exchange returned to the green side this morning, however, the effect on the domestic spot ground remains limited. Details on the spot and futures prices are shown in the following table:

There has not been any major transformation in domestic spot aground and despite the better purchasing activities in Northern China area; this is not sufficient to drive a more sustainable uptrend. 

“Customers are not focusing on quantity knowing that supply is comfortable, especially for LLDPE and LDPE film cargoes. We are on a watch out now,” a trader said while complaining about the difficulties facing in lifting prices despite the depreciation of the local currencies.

Total inventories at Sinopec and CNPC warehouses drop 25,000 tons day-on-day to approximate 685,000 tons.