A period of aggressive build-up of strategic oil reserves has given China a layer that is meaningfully insulated from Gulf feedstock dependency, and the surplus capacity that had long weighed on domestic margins has become a strategic asset almost overnight.
Malaysia's polyolefin market is repricing sharply. A major domestic producer this week issued its June price list, cutting offers across all available PE and PP grades — the second consecutive monthly reduction
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,476 -195 | 7,796 -78 | 4,854 -41 |
| Close (USD/ton) | 1,157 -29 | 1,043 -11 | 633 -6 |
| Volume | 543,377 -16373 | 373,680 -10320 | 1,093,033 +8475 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,450 -100 | 5,992 -30 | 4,451 -31 |
| Close (USD/ton) | 1,180 -15 | 830 -4 | 610 -5 |
| Volume | 111,618 -8 | 1,071,734 -39844 | 319,252 -3138 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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