PP and LLDPE futures on the Dalian Commodity Exchange (DCE) opened on a firm note on Monday, trading within a range-bound trajectory throughout the morning session, with PP futures displaying comparatively stronger upward momentum than LLDPE.
Global crude benchmarks advanced more than 1% on Friday as structurally unviable transit fee proposals in Oman-brokered negotiations stalled diplomatic efforts to reopen the Strait of Hormuz, cementing geopolitical risk premiums.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,159 +170 | 7,739 +177 | 4,507 +17 |
| Close (USD/ton) | 1,068 +25 | 1,013 +26 | 590 +3 |
| Volume | 432,421 -17155 | 291,971 -6369 | 811,114 -63832 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,064 +194 | 5,800 +138 | 4,817 +233 |
| Close (USD/ton) | 1,056 +29 | 759 +20 | 630 +35 |
| Volume | 70,658 -26999 | 757,573 -63936 | 342,104 +23839 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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