Domestic production has strengthened for four straight months, exports are sliding for a fifth, and imports have pulled back after a brief rebound — a combination that points to a market recalibrating around tighter logistics and a slowly rebuilding operating base rather than a clean recovery in demand.
Asian polyolefin markets face an abrupt supply contraction heading into the fourth quarter after South Korea’s H&L Advanced declared an emergency shutdown (ESD) at its core Daesan Naphtha Cracker Complex (NCC) on 15 September, halting global and regional supply indefinitely.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,571 -146 | 8,256 -114 | 475 +37 |
| Close (USD/ton) | 1,129 -22 | 1,087 -17 | 626 +6 |
| Volume | 653,220 -3156 | 439,396 -4521 | 1,098,572 +7568 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,286 +48 | 6,272 -39 | 8,228 -16 |
| Close (USD/ton) | 1,223 +7 | 826 -6 | 646 -2 |
| Volume | 152,780 -958 | 1,167,568 -3664 | 196,758 -1374 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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