The futures rebound has not carried through to the spot market, where domestic sellers continued to offer discounts on Wednesday, and participants largely characterised the move as a technical correction after steep losses rather than a shift in fundamentals.
A morning rebound across DCE PP and LLDPE futures—paired with a second consecutive round of reserve price cuts against a steadier upstream cost backdrop—lifted clearance across active prime grades at Shenhua Baotou Coal Chemical Co.’s Wednesday auction.
Global east–west container spot rates retreated across all four primary corridors in the week to 10 November 2026, as cooling post-peak demand blunted 1 November General Rate Increases (GRIs) whilst Washington and Beijing extended their maritime tariff truce.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 9,220 +132 | 8,394 +14 | 4,936 +50 |
| Close (USD/ton) | 1,223 +20 | 1,114 +2 | 655 +7 |
| Volume | 564,003 +4411 | 379,209 -9098 | 908,870 +27169 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,410 +56 | 6,016 +54 | 4,964 +127 |
| Close (USD/ton) | 1,116 +8 | 798 +8 | 659 +19 |
| Volume | 108,085 +3347 | 907,456 +18491 | 321,045 +22494 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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