Morning gains across Dalian Commodity Exchange (DCE) PP and LLDPE futures—supported by firmer upstream crude oil prices—propelled prime-grade clearance rates to 99.9%–100.0% at Shenhua Baotou Coal Chemical Co.’s Friday auction session.
China’s PVC market extended its supply-driven rebound across both domestic and export segments in the week ending 28 October 2026, shaking off early-week discussions over India’s preliminary CVD findings as ongoing production cuts and firmer Dalian futures propelled offers to multi-month highs.
Global crude oil futures settled slightly lower on Thursday after paring $2 intraday drops as a US diplomatic outreach to Tehran offset fresh Houthi attacks on Saudi refineries and maritime mine detonations.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 10,433 +134 | 9,558 +206 | 5,290 +21 |
| Close (USD/ton) | 1,384 +20 | 1,268 +31 | 702 +3 |
| Volume | 638,237 -14058 | 449,567 -2632 | 1,057,017 -18706 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,874 +6 | 6,686 +8 | 5,392 +157 |
| Close (USD/ton) | 1,310 +1 | 887 +1 | 715 +23 |
| Volume | 80,962 -13153 | 1,023,603 -21713 | 354,305 -411 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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