Despite renewed weekend hostilities between the US and Iran, the modest adjustments signal that multi-month transit horizons, open-ended logistical liabilities, and competitive cross-border arbitrage corridors have established a firm ceiling on forward buy-side tolerance.
Indonesia is now contending with the eruption of Mount Anak Krakatau in the Sunda Strait, close enough to Cilegon, home to several major domestic PP, PE, PVC and PET producers, to introduce a new variable into the supply equation.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,567 +46 | 8,359 +47 | 5,128 +238 |
| Close (USD/ton) | 1,128 +7 | 1,101 +7 | 675 +35 |
| Volume | 616,462 +0 | 443,565 +0 | 1,134,994 +0 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,654 -134 | 5,922 -90 | 5,022 +60 |
| Close (USD/ton) | 1,140 -20 | 780 -13 | 661 +9 |
| Volume | 165,106 +0 | 1,064,566 +0 | 199,502 +0 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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