The domestic major producer raised its LLDPE prices slightly to halt a three-month decline. However, it enacted sharp, triple-digit cuts across its PP and HDPE grades due to weak demand and a softening trend in the import market.
A sudden weekend reversal in geopolitical ceasefire optimism triggered a crude oil rebound on Monday, immediately firming Dalian paper markets and sparking a massive replenishment wave across Shenhua's physical auction as buyers rushed to lock in competitive baselines ahead of domestic spot hikes.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,356 +149 | 6,940 +49 | 4,392 -39 |
| Close (USD/ton) | 957 +22 | 903 +7 | 572 -6 |
| Volume | 542,011 +13620 | 430,224 +9627 | 1,419,954 -1765 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,692 +110 | 5,570 +104 | 4,096 +60 |
| Close (USD/ton) | 1,001 +16 | 725 +15 | 533 +9 |
| Volume | 182,434 +2766 | 949,736 +170 | 287,575 +3185 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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