The physical auction floor experienced a severe structural rejection on Tuesday, as heavily inflated starting blocks collided with a cooling macroeconomic environment.
Shenhua’s auction floor experienced a severe structural rejection on Tuesday as the macroeconomic tailwinds that drove Monday's near-total clearance rapidly evaporated.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,671 -129 | 8,496 -136 | 5,901 +43 |
| Close (USD/ton) | 1,115 -19 | 1,093 -20 | 759 +6 |
| Volume | 415,782 +0 | 333,716 -11231 | 902,108 +17121 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 10,018 -194 | 6,918 -88 | 4,826 -62 |
| Close (USD/ton) | 1,289 -28 | 890 -13 | 621 -9 |
| Volume | 220,082 -12310 | 1,124,717 -40227 | 326,791 -14866 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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