China’s PET bottle market pared back a fraction of last week’s sharp post-Golden Week spike this week, as sluggish fourth-quarter demand triggered a minor downward correction again after a two-month uptrend since early August pushed prices close to their late-April peak.
Liquidity evaporated across Shenhua Baotou Coal Chemical Co.’s trading platform on Thursday, plunging to 29.2% for homo-PP yarn while PE offerings suffered total wipeouts, as firmer opening reserve floors collided with a retreating Dalian Commodity Exchange (DCE) and acute downstream resistance.
A selloff on the Dalian Commodity Exchange halted a five-session climb in China's domestic PP and PE markets on Thursday, although suppliers argued the spillover would be limited, given that Chinese and regional prices rest on a severe curtailment of physical supply rather than speculation
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 9,387 -138 | 8,789 -206 | 4,808 -113 |
| Close (USD/ton) | 1,240 -21 | 1,161 -31 | 635 -17 |
| Volume | 666,540 +280 | 456,913 +15562 | 1,100,006 +9597 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,582 -164 | 6,488 -128 | 4,875 -89 |
| Close (USD/ton) | 1,266 -25 | 857 -19 | 644 -13 |
| Volume | 58,000 -15999 | 1,109,530 -18453 | 201,612 -7872 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| NYMEX | Sign In or Subscribe |
| Brent | Sign In or Subscribe |
| Naphtha CFR Japan | Sign In or Subscribe |
| Ethylene CFR NEA | Sign In or Subscribe |
| Ethylene CFR SEA | Sign In or Subscribe |
| Propylene FOB South Korea | Sign In or Subscribe |
| Propylene CFR China | Sign In or Subscribe |
| Styrene FOB South Korea | Sign In or Subscribe |
| Butadiene FOB South Korea | Sign In or Subscribe |
| Benzene FOB South Korea | Sign In or Subscribe |
| PX CFR Taiwan | Sign In or Subscribe |
| VCM CFR FEA | Sign In or Subscribe |
| VCM CFR SEA | Sign In or Subscribe |
| EDC CFR FEA | Sign In or Subscribe |
| EDC CFR SEA | Sign In or Subscribe |
| Propane FOB Saudi Arabia | Sign In or Subscribe |
| Butane FOB Saudi Arabia | Sign In or Subscribe |
