A macro-driven paper recovery combined with strategic baseline adjustments engineered a complete clearance for mainstream PP and LLDPE allocations on Friday, temporarily offsetting the prevailing operational caution ahead of the weekend.
The Indonesian PET bottle market reversed its recent gains this week, contracting sharply as a prolonged downturn in Chinese futures markets overrode significant domestic currency degradation.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,714 -3 | 7,916 -10 | 4,767 -91 |
| Close (USD/ton) | 1,139 -0 | 1,035 -1 | 623 -13 |
| Volume | 601,174 +21609 | 379,677 +10144 | 1,161,300 +24227 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,776 -10 | 6,290 +36 | 4,505 +15 |
| Close (USD/ton) | 1,147 -1 | 822 +5 | 589 +2 |
| Volume | 165,901 +23633 | 1,088,013 +45267 | 306,145 -2591 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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