Global crude oil futures tumbled sharply on Tuesday, extending Monday’s retreat to settle more than 3% lower as energy markets reassessed geopolitical risk premiums following Washington’s rollout of secondary sanctions on Iran.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based polyolefins producer, recorded a notably stronger auction on 25 August 2026, with deal rates improving across all four offered grades
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,098 -1 | 7,802 -16 | 4,539 -134 |
| Close (USD/ton) | 1,066 -0 | 1,027 -2 | 598 -20 |
| Volume | 541,044 +7973 | 397,697 +6154 | 1,172,046 +179942 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,276 +106 | 5,732 +46 | 4,772 -20 |
| Close (USD/ton) | 1,090 +16 | 755 +7 | 628 -3 |
| Volume | 168,855 +11434 | 897,512 +49981 | 197,189 -6957 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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