Steep discounts of CNY 300–500/ton against domestic spot offers propelled aggregate clearance at Shenhua Baotou Coal Chemical Co. to 96.6% on Wednesday, as buyers flocked to the platform to sidestep elevated open-market prices.
Northeast Asian spot olefin sentiment has turned cautiously firm following confirmation that South Korea’s Korea Petrochemical Ind. Co. (KPIC) is taking its Onsan naphtha-fed steam cracker offline in Q4 2026 for a major scheduled maintenance programme.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 9,498 +63 | 8,949 +6 | 4,912 +46 |
| Close (USD/ton) | 1,255 +9 | 1,182 +1 | 640 +7 |
| Volume | 666,260 -4648 | 441,351 +28 | 1,090,409 -1345 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,692 -24 | 6,584 -8 | 5,010 +164 |
| Close (USD/ton) | 1,280 -4 | 870 -1 | 662 +25 |
| Volume | 73,999 -7583 | 1,127,983 +19802 | 209,484 +27463 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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