PP and LLDPE futures on the Dalian Commodity Exchange (DCE) maintained a firmer range-bound trajectory throughout Tuesday's morning session, with PP futures displaying comparatively stronger upward momentum than LLDPE.
Global crude benchmarks surged roughly 5% on Monday, snapping the previous week’s steep sell-off as escalating political demands between Washington and Tehran dashed expectations for a near-term deal to reopen the Strait of Hormuz.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,423 +256 | 7,852 +158 | 4,556 +31 |
| Close (USD/ton) | 1,104 +38 | 1,029 +23 | 597 +5 |
| Volume | 430,167 +3253 | 262,913 -8739 | 732,523 -51138 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,046 +148 | 5,760 +28 | 4,905 +48 |
| Close (USD/ton) | 1,055 +22 | 755 +4 | 643 +7 |
| Volume | 129,160 +75416 | 691,329 -40070 | 311,820 -26905 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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