Jan 13, 2025 7:32 a.m.

Dalian Commodity Exchange: 16 May 2022 (Night trading)

Dalian Commodity Exchange: 16 May 2022 (Night trading)

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The uptrend Dalian Commodity Exchange registered in the previous session apparently did not last. The overnight session saw both PP and PVC contracts slip back into the negative territory, suggesting the still lacking risk appetite among traders.

The session concluded as follows: 

Dalian Commodity Exchange (2209 Contract): 16 May 2022

(Night Trading)

Product

PP

LLDPE

PVC

Close Price (CNY/ton)

8,605

8,692

8,627

Close Price (USD/ton)

$1122

$1133

$1124

Changes (CNY/ton)

-CNY 6

+CNY 17

-CNY 32

Changes (USD/ton)

-USD 1

+USD 3

-USD 4

Volume

323,922

286,398

357,855

Exchange Rate: USD1=CNY6.72   

 

**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