The futures found tentative footing, lifted by a rebound in crude oil and renewed optimism over US-China trade relations, even as pre-holiday caution and thin trading volumes kept a lid on the broader market. The two forces are pulling in opposite directions, and which one wins out is far from settled.
Asia–Europe container freight rates accelerated their downward correction in the week to 23 September 2026 as post-peak demand cooling and expanding Red Sea transits released effective capacity.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,630 +228 | 8,235 +140 | 4,798 +27 |
| Close (USD/ton) | 1,140 +34 | 1,088 +21 | 634 +4 |
| Volume | 635,077 -3162 | 403,256 -8662 | 1,078,964 -47315 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,414 +312 | 6,340 +198 | 4,830 +135 |
| Close (USD/ton) | 1,243 +47 | 837 +30 | 638 +20 |
| Volume | 150,328 +8810 | 1,098,111 +13920 | 166,744 -15963 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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