insight
The upstream PTA market continues to struggle under the weight of excessive supply, with no signs of production cuts from major producers. This market weakness is casting a long shadow over the downstream PET bottle sector.
insight
Buying interest for LLDPE remained robust, with no additional discounts offered on auction prices, reflecting solid demand. In contrast, Shenhua introduced a modest CNY 50/ton discount on homo-PP, successfully stimulating demand in that segment.
Get daily prices along with industry leading opinions
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,333 +69 | 7,959 +62 | 5,289 +54 |
| Close (USD/ton) | 917 +10 | 995 +9 | 661 +8 |
| Volume | 481,253 -1852 | 394,026 +4116 | 1,010,000 -40000 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 6,922 +98 | 4,882 +76 | 4,435 +32 |
| Close (USD/ton) | 865 +14 | 610 +11 | 554 +5 |
| Volume | 117,758 +5048 | 1,340,000 +0 | 298,149 -3206 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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