PP and LLDPE futures on the Dalian Commodity Exchange (DCE) shook off a soft opening on Thursday to stage a firmer morning rally than Wednesday's session, steering overall auction clearance at Shenhua Baotou Coal Chemical Co. up to 95.3%.
China’s PET bottle market extended its downward correction for a second week following the Golden Week holiday, as retreating polyester feedstock futures and a deepening downstream beverage slowdown outweighed a renewed surge in global crude oil prices on 20 October.
| 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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