PP and LLDPE futures on the Dalian Commodity Exchange (DCE) softened significantly on Wednesday, eroding the brief momentum generated in the previous session and casting a bearish shadow over spot market procurement.
China's official manufacturing PMI unexpectedly slipped back into contraction in July, dropping 1.1 points to a five-month low as deteriorating order books and elevated production costs abruptly halted June's brief rebound.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,080 -261 | 7,616 -146 | 4,461 -19 |
| Close (USD/ton) | 1,058 -39 | 997 -22 | 584 -3 |
| Volume | 449,576 -28153 | 298,340 -12247 | 8,740,946 +7849501 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,902 -318 | 5,718 -188 | 4,609 -318 |
| Close (USD/ton) | 1,034 -47 | 749 -28 | 603 -47 |
| Volume | 97,657 -9450 | 821,509 -101801 | 318,265 -54355 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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