Malaysia's polyolefin market extended its bullish run this week, propelled by re-escalated US-Iran tensions that rippled through the Red Sea and pushed a major domestic producer to suspend all offers by the third week of July.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,298 +40 | 7,726 +5 | 4,471 -9 |
| Close (USD/ton) | 1,086 +6 | 1,011 +1 | 585 -1 |
| Volume | 477,729 +18855 | 310,587 +6695 | 891,445 -17052 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,200 -4 | 5,900 +58 | 4,831 -127 |
| Close (USD/ton) | 1,073 -1 | 772 +9 | 632 -19 |
| Volume | 107,107 +1879 | 923,310 +21217 | 372,620 -6575 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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