Global container freight rates extended their upward trajectory in the week to 27 May 2026, climbing to levels last seen in late January as elevated fuel cost baselines and the early onset of peak season demand buoyed major trade lanes.
The reductions — sweeping across HDPE, LLDPE, and LDPE film grades — reflect the mounting cost of inaction as Chinese-origin cargoes, both oil-based and coal-based, steadily displace Middle Eastern supply across the region.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,446 -68 | 7,738 -65 | 4,873 -3 |
| Close (USD/ton) | 1,102 -10 | 1,010 -10 | 636 -0 |
| Volume | 531,272 -12105 | 369,070 -4610 | 1,068,744 -24289 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,514 +52 | 6,044 +52 | 4,411 -62 |
| Close (USD/ton) | 1,111 +8 | 789 +8 | 576 -9 |
| Volume | 361,579 +249961 | 1,066,186 -5548 | 321,751 +2499 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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