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Live News | Time:Apr 21 2017 11:32AM
PE sentiment improves on modestly rebounded futures
 
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East China market is in consolidation. Part of ex-works offers drop, as LLDPE futures rebound up in the morning. Market trading sentiment warms finally. Traders offer for LLDPE at 8,950-9,250yuan/mt (with anti-blocking agent above 9,350yuan/mt), LDPE at 10,400-10,700yuan/mt, HDPE film-grade and coal-based medium-MFR injection-grade at 9,650-9,750yuan/mt and 9,800-10,000yuan/mt, Yangtze raffia 5000S at 10,700yuan/mt, Jilin pipe 100S at 10,600yuan/mt, by cash, delivered in E. China.
Sinopec East cuts offers for LLDPE and LDPE down by 150yuan/mt and 200-300yuan/mt, by cash, ex-works.
PetroChina East cuts offers for LLDPE and LDPE down by 150yuan/mt and 300yuan/mt, by cash, ex-works.

North China market sentiment improves on futures performance, but trading focuses on rigid demand still. Traders offer for LLDPE at 8,850-9,050yuan/mt, LDPE at 10,300-10,600yuan/mt, and HDPE (raffia 5000S, blow-molding 5502 and injection 7260) at 10,700yuan/mt, 9,600yuan/mt, and 9,850yuan/mt, by cash, delivered in N. China.

South China market is in small correction. Prices are temporarily steady. Traders’ mentality is mediocre. Not many buyers enter. Most traders offer for LLDPE at 9,250-9,400yuan/mt, LDPE at 10,450-10,550yuan/mt, and HDPE (Maoming blowmolding 5502LW, TP144 and 5000S) at 9,550yuan/mt, 9,600yuan/mt, and 10,600yuan/mt, by cash, delivered in S. China.
PetroChina South cuts offers for LDPE down by 200yuan/mt, by cash, ex-works.

$1=CNY 6.90

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