Global ocean freight markets diverged sharply this week, with transpacific spot rates continuing their rapid descent amid waning demand and record-high capacity, while Asia–Europe routes posted moderate gains
Crude oil prices climbed to their highest levels in two weeks on Tuesday, 08 July 2025, buoyed by a confluence of bullish drivers ranging from a lower US production outlook to renewed geopolitical tensions in the Middle East.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,069 -32 | 7,291 -18 | 4,980 -25 |
| Close (USD/ton) | 872 -4 | 900 -3 | 615 -3 |
| Volume | 394,188 -2015 | 432,521 -6302 | 967,347 +34568 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 6,694 -56 | 4,700 -28 | 4,305 -2 |
| Close (USD/ton) | 826 -8 | 580 -4 | 531 -0 |
| Volume | 123,615 +2388 | 1,100,000 -30000 | 281,351 +315 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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