Global ocean freight markets diverged sharply this week, with transpacific spot rates continuing their rapid descent amid waning demand and record-high capacity, while Asia–Europe routes posted moderate gains
Crude oil prices climbed to their highest levels in two weeks on Tuesday, 08 July 2025, buoyed by a confluence of bullish drivers ranging from a lower US production outlook to renewed geopolitical tensions in the Middle East.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,078 +24 | 7,278 +28 | 4,963 +77 |
| Close (USD/ton) | 872 +3 | 897 +4 | 612 +11 |
| Volume | 396,080 -6000 | 436,321 -12259 | 967,373 +32878 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 6,724 +28 | 4,718 +8 | 4,283 +10 |
| Close (USD/ton) | 829 +4 | 582 +1 | 528 +1 |
| Volume | 118,990 +2759 | 1,120,000 +0 | 285,305 -3610 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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