The major raised its first November export offers across Asia for a seventh consecutive round, but buyers remain resistant to higher prices as weak end-product demand and more competitive alternatives limit purchasing interest.
Sharp morning drops in Dalian Commodity Exchange (DCE) PP and LLDPE futures—alongside weaker crude oil prices—dragged prime-grade clearance down to 0.0%–43.6% (39.4% overall) at Shenhua Baotou Coal Chemical Co.’s Tuesday auction.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 10,364 -197 | 9,550 -90 | 5,190 -79 |
| Close (USD/ton) | 1,379 -29 | 1,271 -13 | 691 -12 |
| Volume | 588,161 -19730 | 429,620 -19013 | 987,343 -49273 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,340 -404 | 6,496 -182 | 5,288 -91 |
| Close (USD/ton) | 1,243 -60 | 864 -27 | 704 -14 |
| Volume | 62,630 -6825 | 981,883 -32219 | 346,962 -3396 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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