Chinese PE converters have adopted a highly defensive stance ahead of the Lunar New Year, maintaining historically low raw material inventories while grappling with elevated finished goods stocks.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 6,568 -119 | 6,644 -142 | 4,905 -54 |
| Close (USD/ton) | 842 -17 | 852 -20 | 629 -8 |
| Volume | 454,028 -25314 | 484,194 -17121 | 1,020,000 -80000 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,236 -154 | 5,204 -72 | 3,678 -77 |
| Close (USD/ton) | 928 -22 | 667 -10 | 472 -11 |
| Volume | 255,850 -6256 | 1,260,000 -80000 | 430,898 -6809 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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