Global crude oil futures dropped nearly $2 on Tuesday as diplomatic progress in Tehran and rebounding Russian refinery throughput spurred selling, though a ballistic missile attack on Saudi Arabia's Ras Tanura refinery checked the retreat.
South Korea’s H&L Advanced is permanently discontinuing production of its commodity HDPE film and HDPE yarn grades at its Daesan complex, narrowing its HDPE portfolio strictly to specialty cap and injection-moulding materials.
A major Saudi Arabian producer has finalised its November PE closing prices to Vietnam at $30–$80/ton below initial bid guidance for film grades, capitulating to widespread buyer pushback and sluggish local distribution.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 10,236 +339 | 9,256 +173 | 5,132 -57 |
| Close (USD/ton) | 1,358 +51 | 1,228 +26 | 681 -9 |
| Volume | 660,938 -1481 | 446,724 +4770 | 1,017,153 -48427 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,746 -74 | 6,644 +6 | 5,077 +98 |
| Close (USD/ton) | 1,293 -11 | 882 +1 | 674 +15 |
| Volume | 97,032 -15783 | 1,024,619 -15423 | 314,584 +20238 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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