On the Dalian Commodity Exchange, polymer futures closed mostly lower on Monday as trading sentiment remained subdued. The exchange rate stood at 1 USD = 7.18 RMB.
LLDPE (l2509) opened at RMB 7,308 (USD 846) and moved between RMB 7,312 (USD 846) and RMB 7,264 (USD 841) before closing at RMB 7,292 (USD 844). Prices slipped 0.04% or RMB 3 (USD 0.35/mt) from the previous settlement of RMB 7,295 (USD 844/mt).
Polypropylene (pp2509) opened at RMB 7,051 (USD 816), trading within RMB 7,058 (USD 817) and RMB 7,011 (USD 811), and settled at RMB 7,026 (USD 813). The contract fell 0.51% or RMB 36 (USD 4.17/mt) from the prior close of RMB 7,062 (USD 817/mt).
PVC (v2509) began at RMB 4,959 (USD 574) and ranged between RMB 4,981 (USD 576) and RMB 4,898 (USD 567) before ending at RMB 4,920 (USD 569). This marked a decline of 0.87% or RMB 43 (USD 4.98/mt) from the previous settlement at RMB 4,963 (USD 574/mt).
MEG (eg2509) opened at RMB 4,383 (USD 507) and traded between RMB 4,383 (USD 507) and RMB 4,340 (USD 502), closing at RMB 4,346 (USD 503). Prices dropped 0.64% or RMB 28 (USD 3.24/mt) from the earlier settlement of RMB 4,374 (USD 506/mt).
