Jan 13, 2025 9:49 a.m.

Dalian Commodity Exchange: 10 May 2022

Dalian Commodity Exchange: 10 May 2022

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Major contracts on Dalian Commodity Exchange extended the weakening trend, reflecting the mass selloff across the Asian equity market on concerns over the economic outlook after the FED increased the interest rates while the outbreak in China worsens.

The session concluded as follows: 

Dalian Commodity Exchange (2209 Contract): 10 May 2022

Product

PP

LLDPE

PVC

Close Price (CNY/ton)

8,606

8,636

8,495

Close Price (USD/ton)

$1135

$1139

$1120

Changes (CNY/ton)

-CNY 119

-CNY 112

-CNY 135

Changes (USD/ton)

-USD 18

-USD 17

-USD 20

Volume

307,137

275,909

359,496

Exchange Rate: USD1=CNY6.71   

 

**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