China’s PVC market diverged sharply in the week ending 28 August 2026, as a steep sell-off on the Dalian Commodity Exchange (DCE) dragged domestic carbide-based spot prices lower, while ethylene-based resin held firm under persistent upstream cost pressures.
South Korea’s LG Chem is set to halt its No. 1 naphtha-fed steam cracker in Yeosu for a planned maintenance turnaround from the second half of October, deepening operational retrenchment across the domestic petrochemical sector.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,366 +432 | 8,098 +439 | 4,791 +271 |
| Close (USD/ton) | 1,102 +64 | 1,066 +65 | 631 +40 |
| Volume | 599,187 +33364 | 436,064 +23077 | 1,109,193 -105541 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,442 +404 | 5,836 +240 | 4,824 +273 |
| Close (USD/ton) | 1,112 +60 | 768 +36 | 635 +41 |
| Volume | 159,438 +6028 | 940,161 +71928 | 194,597 -6092 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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