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Dalian Commodity Exchange: 16 June 2022Dalian Commodity Exchange: 16 June 2022 |
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The downtrend on the Dalian Commodity Exchange accelerated toward the end of the week as traders reacted to the growing fear of a potential economic recession after the Feder Reserve lifted key interest rates more than expected.
The session concluded as follows:
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Dalian Commodity Exchange (2209 Contract): 16 June 2022 |
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Product |
PP |
LLDPE |
PVC |
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Close Price (CNY/ton) |
8,619 |
8,751 |
8,007 |
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Close Price (USD/ton) |
$1138 |
$1156 |
$1058 |
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Changes (CNY/ton) |
-CNY 158 |
-CNY 207 |
-CNY 214 |
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Changes (USD/ton) |
-USD 23 |
-USD 31 |
-USD 32 |
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Volume |
383,129 |
377,697 |
511,781 |
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Exchange Rate: USD1=CNY6.7 |
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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
