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Dalian Commodity Exchange: 19 November 2021Dalian Commodity Exchange: 19 November 2021 |
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The front-month contract for PVC hit the maximum daily increase limit of 8% in today’s trading session following news that China Evergrande resumes construction on 63 projects in the Pearl River delta, while there are market talks that the central bank would ease housing loan regulations.
The domestic spot market remains on the wait and see, reluctant to take action until there are official statements from the People Bank of China.
The session concluded as follows:
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Dalian Commodity Exchange (2201 Contract): 19 November 2021 |
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Product |
PP |
LLDPE |
PVC |
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Close Price (CNY/ton) |
8,363 |
8,825 |
8,961 |
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Close Price (USD/ton) |
$1158 |
$1222 |
$1241 |
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Changes (CNY/ton) |
+CNY 28 |
+CNY 107 |
+CNY 586 |
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Changes (USD/ton) |
+USD 4 |
+USD 17 |
+USD 92 |
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Volume |
304,959 |
244,762 |
362,310 |
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Exchange Rate: USD1=CNY6.39 |
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**Note: All USD equivalent prices only exclude the 13% value-added tax (VAT). They have not taken into account other costs that might incur in the selling process, i.e. import duty, customs clearances.
Country
China
