Paring a brief period of stabilisation in the post-Lunar New Year period, the local LLDPE film market in China has been entrenched in a nearly three-month-long downtrend. Weighing the current supply-demand dynamic, market participants are not overly optimistic about the near-term outlook.
The expansion is aimed at strengthening the company’s feedstock security and improving supply reliability for downstream operations. By increasing self-sufficiency, LyondellBasell expects to mitigate supply chain disruptions
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,254 +11 | 7,655 -21 | 5,020 -13 |
| Close (USD/ton) | 885 +2 | 934 -3 | 613 -2 |
| Volume | 450,364 -14839 | 490,080 -28915 | 1,100,000 +0 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 68,860 +54 | 4,878 +38 | 4,396 -26 |
| Close (USD/ton) | 837 +7 | 595 +5 | 537 -4 |
| Volume | 133,078 -6038 | 1,250,000 -40000 | 377,083 +5090 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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