The situation faced by LCT is described as a “double squeeze”: soft downstream olefin and polyethylene prices amid abundant regional supply, coupled with relatively firm naphtha feedstock costs.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 6,611 -119 | 6,597 -140 | 4,792 -101 |
| Close (USD/ton) | 854 -17 | 852 -20 | 619 -15 |
| Volume | 490,493 -16969 | 566,086 +15679 | 1,218,047 -717 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,394 -12 | 5,250 -50 | 3,703 -22 |
| Close (USD/ton) | 955 -2 | 678 -7 | 478 -3 |
| Volume | 272,488 -8760 | 1,446,855 -7284 | 490,720 -284 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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