|
|
Dalian Commodity Exchange: 05 July 2022 (Night trading)Dalian Commodity Exchange: 05 July 2022 (Night trading) |
|
The earlier gains on the Dalian Commodity Exchange were obviously not sustainable. Major petrochemical contracts collapsed during the overnight session, with PVC futures plunged to the lowest levels since early November 2020. Fears ruled the market as Shanghai announces three days of mass COVID-19 testing, which could lead to some forms of containment measures taking place.
The overnight trading session ended as follows:
|
Dalian Commodity Exchange (2209 Contract): 05 July 2022 (Night Trading) |
|||
|
Product |
PP |
LLDPE |
PVC |
|
Close Price (CNY/ton) |
8,158 |
8,192 |
6,686 |
|
Close Price (USD/ton) |
$1079 |
$1084 |
$884 |
|
Changes (CNY/ton) |
-CNY 294 |
-CNY 341 |
-CNY 218 |
|
Changes (USD/ton) |
-USD 44 |
-USD 51 |
-USD 32 |
|
Volume |
429,267 |
345,336 |
607,019 |
|
Exchange Rate: USD1=CNY6.69 |
|||
**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
