Jan 12, 2025 10:50 p.m.

Dalian Commodity Exchange: 16 June 2022

Dalian 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: 

Dalian Commodity Exchange (2209 Contract): 16 June 2022

Product

PP

LLDPE

PVC

Close Price (CNY/ton)

8,619

8,751

8,007

Close Price (USD/ton)

$1138

$1156

$1058

Changes (CNY/ton)

-CNY 158

-CNY 207

-CNY 214

Changes (USD/ton)

-USD 23

-USD 31

-USD 32

Volume

383,129

377,697

511,781

Exchange Rate: USD1=CNY6.7

 

**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