PP and LLDPE futures on the Dalian Commodity Exchange (DCE) opened on a firm note on Monday, trading within a range-bound trajectory throughout the morning session, with PP futures displaying comparatively stronger upward momentum than LLDPE.
Global crude benchmarks advanced more than 1% on Friday as structurally unviable transit fee proposals in Oman-brokered negotiations stalled diplomatic efforts to reopen the Strait of Hormuz, cementing geopolitical risk premiums.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,170 +72 | 7,666 -17 | 4,498 -8 |
| Close (USD/ton) | 1,071 +11 | 1,005 -3 | 590 -1 |
| Volume | 426,914 -5507 | 271,652 -20319 | 783,661 -27453 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,982 -24 | 5,672 -108 | 4,787 +51 |
| Close (USD/ton) | 1,046 -4 | 744 -16 | 628 +8 |
| Volume | 53,744 -16914 | 731,399 -26174 | 338,725 -3379 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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