Chinese PE converters have adopted a highly defensive stance ahead of the Lunar New Year, maintaining historically low raw material inventories while grappling with elevated finished goods stocks.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 6,648 -49 | 6,734 -49 | 4,938 -39 |
| Close (USD/ton) | 853 -7 | 864 -7 | 633 -6 |
| Volume | 479,342 -7495 | 501,315 -2602 | 1,100,000 -10000 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,312 -34 | 5,220 -34 | 3,723 -43 |
| Close (USD/ton) | 938 -5 | 669 -5 | 477 -6 |
| Volume | 262,106 -3153 | 1,340,000 -30000 | 437,707 +8928 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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