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: 

**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.