PP and LLDPE futures on the Dalian Commodity Exchange (DCE) extended their upward trajectory throughout Wednesday's morning session, taking direct cues from firming global crude benchmarks as Middle East transit disruptions sustained cost-push momentum across downstream derivatives.
Container spot rates on Transpacific routes diverged sharply from broader market weakness this week, as unexpected US demand resilience and extended tariff frontloading propelled Asia-US West Coast rates up 11%.
Global crude benchmarks advanced on Tuesday to reach their highest settlement levels in a week, as hardline rhetoric from Tehran dashed expectations for a swift diplomatic resolution to restore traffic through the Strait of Hormuz.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,356 +59 | 7,809 +57 | 4,528 +10 |
| Close (USD/ton) | 11,096 +9 | 1,024 +8 | 594 +1 |
| Volume | 403,773 -26394 | 246,417 -16496 | 684,267 -48256 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,970 +16 | 5,764 +64 | 4,908 +64 |
| Close (USD/ton) | 1,045 +2 | 756 +9 | 643 +9 |
| Volume | 136,396 +7236 | 646,976 -44353 | 322,218 +10398 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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