PP and LLDPE futures on the Dalian Commodity Exchange (DCE) extended their rebound during Thursday’s morning session, providing continued cost-push support for coal-to-olefin auction cargoes despite elevated opening offers.
This sustained pricing plateau, achieved alongside steady outbound volumes, signals a critical market pivot: the $1,000/ton FOB threshold has transitioned from a cyclical resistance ceiling into a defended structural floor, anchored by inelastic global demand and regional trade arbitrage.
A major Taiwanese producer has raised its September PVC shipment offers to key Asian markets by a uniform $20/ton, enforcing aggressive allocation cuts and rejecting bulk orders as it prioritises margin defence over volume market share amid elevated feedstock costs.
PP and LLDPE futures on the Dalian Commodity Exchange (DCE) extended their upward trajectory throughout Wednesday's morning session, taking direct cues from firming global crude benchmarks as Middle East transit disruptions sustained cost-push momentum across downstream derivatives.