Jan 15, 2025 11:33 p.m.

Dalian Commodity Exchange: 18 November 2021 (Night trading)

Dalian Commodity Exchange: 18 November 2021 (Night trading)

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The uptrend in PP and LLDPE futures proved unsustainable as both contracts ended the overnight session in the red. Chinese investors continue to adopt a cautious stance to monitor further governmental policies before making investment decisions.

The session concluded as follows:  

Dalian Commodity Exchange (2201 Contract): 18 November 2021 (Night trading)

Product

PP

LLDPE

PVC

Close Price (CNY/ton)

8,280

8,679

8,487

Close Price (USD/ton)

$1149

$1204

$1177

Changes (CNY/ton)

-CNY 55

-CNY 39

+CNY 112

Changes (USD/ton)

-USD 9

-USD 6

+USD 18

Volume

315,985

248,409

300,651

Exchange Rate: USD1=CNY6.38    

 

 

**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