Most other regional and international producers have withheld fresh offers, opting to reassess exposure as the conflict intensifies. The shutdown of the Strait of Hormuz — a critical artery for Middle Eastern oil, gas and petrochemical exports
Analysts noted that while the index is seasonally adjusted for the nine-day Lunar New Year holiday, widespread temporary factory closures likely still weighed on the headline figure.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,506 +376 | 7,355 +262 | 4,995 +113 |
| Close (USD/ton) | 965 +54 | 946 +38 | 642 +16 |
| Volume | 464,543 -38423 | 381,697 -55231 | 1,065,884 -83763 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,088 +166 | 5,694 +114 | 4,078 +113 |
| Close (USD/ton) | 1,040 +24 | 732 +16 | 525 +16 |
| Volume | 250,973 -14430 | 1,290,615 -66938 | 373,988 -34420 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
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