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Dalian Commodity Exchange opened with significant low price level and rebounded slightly toward the end of the morning session. Details on the spot and futures prices are shown in the following table:

Total inventories at Sinopec and CNPC’s warehouses remained stable 720,000 tons as on 16 August 2018. 

Sources informed that demand from the agricultural film sector remains steady in Northern China market while Eastern and Southern areas are very much lag behind. “We are open to negotiation with serious buyers. There have been bumper to bumper this week, however, we hold optimistic expectation for the near-term outlook,” a trader said.