Container spot rates on Transpacific routes surged to fresh highs this week, diverging sharply from broader global softening as sustained US peak-season import volumes and looming Panama Canal restrictions drove rates upward.
Global crude benchmarks edged higher on Tuesday to settle at their highest levels in more than three weeks, buoyed by the collapse of US-Iran ceasefire negotiations, escalating Middle Eastern military strikes, and Russian export rerouting.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,010 +105 | 7,842 +98 | 4,746 +5 |
| Close (USD/ton) | 1,052 +16 | 1,030 +15 | 623 +1 |
| Volume | 454,794 +40979 | 336,879 +39598 | 794,168 +101083 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,296 -32 | 5,754 -54 | 4,640 +64 |
| Close (USD/ton) | 1,090 -5 | 755 -8 | 609 +9 |
| Volume | 167,049 +5966 | 789,289 +79280 | 197,963 +9000 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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