A major Taiwanese producer has raised its September PVC shipment offers to key Asian markets by a uniform $20/ton, enforcing aggressive allocation cuts and rejecting bulk orders as it prioritises margin defence over volume market share amid elevated feedstock costs.
PP and LLDPE futures on the Dalian Commodity Exchange (DCE) extended their upward trajectory throughout Wednesday's morning session, taking direct cues from firming global crude benchmarks as Middle East transit disruptions sustained cost-push momentum across downstream derivatives.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,356 +59 | 7,809 +57 | 4,528 +10 |
| Close (USD/ton) | 11,096 +9 | 1,024 +8 | 594 +1 |
| Volume | 403,773 -26394 | 246,417 -16496 | 684,267 -48256 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,970 +16 | 5,764 +64 | 4,908 +64 |
| Close (USD/ton) | 1,045 +2 | 756 +9 | 643 +9 |
| Volume | 136,396 +7236 | 646,976 -44353 | 322,218 +10398 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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