China’s domestic LLDPE film prices have breached a nearly decade-old record, extending a rally increasingly driven by geopolitical tensions, elevated production costs and stronger export flows rather than robust domestic demand.
PP and LLDPE futures on the Dalian Commodity Exchange (DCE) fluctuated at firm levels throughout the morning session on 28 October 2026, yet failed to stimulate bidding at Shenhua Baotou Coal Chemical Co.’s daily auction.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 10,332 +278 | 9,353 +202 | 5,267 +168 |
| Close (USD/ton) | 1,371 +42 | 1,241 +30 | 699 +25 |
| Volume | 658,480 -2458 | 453,218 +6494 | 1,053,354 +36201 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,828 +144 | 6,674 +70 | 5,258 +280 |
| Close (USD/ton) | 1,304 +22 | 885 +10 | 698 +42 |
| Volume | 98,625 +1593 | 1,027,322 +2703 | 368,608 +54024 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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