Global container freight lanes flashed conflicting signals in the week to 20 October 2026, as pre-tender General Rate Increases (GRIs) lifted Asia–Europe spot pricing after months of decline whilst Transpacific rates held near peak plateaus despite cooling post-season demand.
Malaysia's import PVC market saw a measured opening to November shipment negotiations this week, as Southeast Asian producers kept initial offers largely steady to $5/ton softer than last month's opening lists despite a major Taiwanese producer's fourth consecutive price hike and firmer Chinese ethylene-based quotations.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 9,299 -32 | 8,640 -31 | 5,032 +57 |
| Close (USD/ton) | 1,232 -5 | 1,145 -5 | 667 +9 |
| Volume | 666,840 -5871 | 431,846 -19258 | 1,141,645 +19880 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,330 -40 | 6,422 -28 | 4,758 -28 |
| Close (USD/ton) | 1,236 -6 | 851 -4 | 630 -4 |
| Volume | 90,182 -9809 | 1,071,673 -30945 | 238,506 +24222 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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