Key Chinese polymer futures contracts closed weaker on Wednesday, with LLDPE, polypropylene, PVC and monoethylene glycol all slipping amid cautious market sentiment and subdued buying activity.
On the Dalian Commodity Exchange, LLDPE (l2601) opened at RMB 7,370 (USD 858) and closed at RMB 7,358 (USD 856), down 0.42% or RMB 31 (USD 3.61/mt) from the previous settlement of RMB 7,389 (USD 860/mt).
Polypropylene (pp2601) futures settled at RMB 7,020 (USD 817), lower by 0.23% or RMB 16 (USD 1.86/mt) compared to Tuesday’s RMB 7,036 (USD 819/mt). The contract traded within a narrow range, hitting a high of RMB 7,029 (USD 818) and a low of RMB 6,997 (USD 814).
Polyvinyl chloride (v2601) registered the steepest fall, closing at RMB 4,946 (USD 576), a decline of 0.88% or RMB 44 (USD 5.12/mt) from its previous settlement of RMB 4,990 (USD 581/mt).
Monoethylene glycol (eg2601) also moved lower, closing at RMB 4,465 (USD 520), down 0.60% or RMB 27 (USD 3.14/mt) from RMB 4,492 (USD 523/mt) a day earlier.
