Near-total clearances across PP grades were achieved on Friday as an early paper rebound stimulated need-based pre-weekend restocking, while LLDPE transactions were strictly supported by discounted baselines amid persistently weak sentiment.
Crude futures settled flat as the politically negotiated transit of 30 vessels through the Strait of Hormuz was aggressively offset by ongoing kinetic vessel hijackings and a severe IMF global growth downgrade.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,749 -31 | 8,034 -108 | 5,027 -119 |
| Close (USD/ton) | 1,140 -5 | 1,047 -16 | 655 -17 |
| Volume | 554,526 +11907 | 392,999 -3890 | 1,040,706 -12832 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,096 +120 | 6,394 +66 | 4,758 +11 |
| Close (USD/ton) | 1,186 +18 | 833 +10 | 620 +2 |
| Volume | 108,121 -47 | 1,088,060 +20911 | 300,148 -9905 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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