The divergence has left larger pipe manufacturers relatively better supported, while profiles, smaller pipe converters and soft-product manufacturers continue to operate under significant pressure.
Global crude oil futures surged over 4% on Thursday, lifted by an escalation in US military deployments to the Middle East and China’s unexpected suspension of refined fuel exports, stoking fears of acute global product shortages.
Transpacific container rates touched fresh annual highs in the week to 30 September 2026, lifted by a bilateral US–China trade truce and severe origin berth delays, whilst Europe-bound lanes extended their steep correction on expanding Red Sea transits.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,631 +22 | 8,197 -3 | 4,999 +206 |
| Close (USD/ton) | 1,140 +3 | 1,083 -0 | 660 +31 |
| Volume | 586,379 -29427 | 370,906 -25934 | 1,042,585 -36836 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,206 -20 | 6,300 +46 | 4,782 +84 |
| Close (USD/ton) | 1,216 -3 | 832 +7 | 632 +13 |
| Volume | 101,556 -22984 | 1,016,989 -70523 | 162,685 -3159 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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