A pullback in global crude benchmarks transmitted immediate weakness into Dalian paper markets on Wednesday, forcing downstream converters to adopt a highly defensive and price-sensitive stance during Shenhua's opening July auction.
The reduction follows a structural breakdown in upstream energy costs and sustained competitive pressure from competitive Chinese imports, marking the second consecutive month of significant price recalibration.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,256 -67 | 6,887 -50 | 4,432 +24 |
| Close (USD/ton) | 946 -10 | 898 -7 | 578 +4 |
| Volume | 490,789 -11661 | 417,739 -1617 | 1,354,090 -8979 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,616 -78 | 5,510 -54 | 3,998 -65 |
| Close (USD/ton) | 993 -11 | 718 -8 | 521 -10 |
| Volume | 173,410 -6036 | 979,333 +22976 | 281,074 +1849 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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