Polymer futures in China recorded a largely positive performance in today’s session, with key products such as Linear Low-Density Polyethylene (LLDPE), Polypropylene (PP), and Polyvinyl Chloride (PVC) settling higher, while Monoethylene Glycol (MEG) closed marginally lower. Market sentiment reflected steady buying interest in the plastics segment, though price fluctuations during the day highlighted cautious trading across the board.
LLDPE futures contract l2601 opened at RMB 7,240 per metric ton (USD 844) and moved within a day range of RMB 7,254 (USD 845) at the high and RMB 7,206 (USD 840) at the low. The contract eventually closed at RMB 7,251 (USD 845), marking a 0.24% increase, equivalent to RMB 17 or USD 1.98 per metric ton, compared with the previous settlement of RMB 7,234 (USD 843).
Similarly, PP futures contract pp2601 showed a firm tone, opening at RMB 6,950 (USD 810). Prices fluctuated between a high of RMB 6,970 (USD 812) and a low of RMB 6,937 (USD 808), before closing at RMB 6,968 (USD 812). This represented a gain of 0.24%, or RMB 17 (USD 1.98 per metric ton), over the prior settlement of RMB 6,951 (USD 810).
PVC futures contract v2601 displayed only a modest increase. Opening at RMB 4,913 (USD 573), the contract traded as high as RMB 4,913 (USD 573) and dipped to RMB 4,855 (USD 566) during the session. The contract eventually settled at RMB 4,890 (USD 570), slightly higher by 0.08%, or RMB 4 (USD 0.47 per metric ton), compared with its previous settlement of RMB 4,886 (USD 569).
On the other hand, MEG futures contract eg2601 slipped slightly. The contract opened at RMB 4,358 (USD 508) and moved within a narrow range, hitting a high of RMB 4,361 (USD 508) and a low of RMB 4,326 (USD 504). It eventually settled at RMB 4,349 (USD 507), reflecting a 0.11% decline, or RMB 5 (USD 0.58 per metric ton), compared with the prior day’s close of RMB 4,354 (USD 507).
The mixed performance underscores the delicate balance between demand and supply factors in China’s polymer and feedstock markets, as participants weigh both domestic consumption trends and broader macroeconomic signals. While the steady gains in LLDPE, PP, and PVC indicate resilience in demand for plastics, the slight dip in MEG highlights continued caution in feedstock markets tied to polyester and antifreeze sectors.
