China’s polymer futures market displayed a mixed performance, with prices for key contracts moving in narrow ranges amid subdued sentiment.
The LLDPE (l2601) contract opened at RMB 7,234 (USD 834) and fluctuated between a day high of RMB 7,247 (USD 846) and a low of RMB 7,222 (USD 843), before settling at RMB 7,226 (USD 843). This marked a marginal drop of 0.03 percent, or RMB 2 (USD 0.23/mt), from the previous close of RMB 7,228 (USD 844/mt).
Polypropylene (pp2601) futures edged slightly higher. The contract opened at RMB 6,943 (USD 810), touched an intraday high of RMB 6,967 (USD 813) and a low of RMB 6,936 (USD 809), and eventually closed at RMB 6,948 (USD 811). Compared to the prior settlement of RMB 6,945 (USD 811/mt), the contract gained 0.04 percent, or RMB 3 (USD 0.35/mt).
The PVC (v2601) contract moved lower. It began trading at RMB 4,850 (USD 566), climbed to RMB 4,878 (USD 569) at its peak, and dropped to RMB 4,818 (USD 562) at its low, before closing at RMB 4,857 (USD 567). This represented a decline of 0.14 percent, or RMB 7 (USD 0.82/mt), from the previous close of RMB 4,864 (USD 568/mt).
Meanwhile, the MEG (eg2601) contract remained stable. It opened at RMB 4,321 (USD 504), traded between RMB 4,334 (USD 506) and RMB 4,308 (USD 503), and ended flat at RMB 4,319 (USD 504), unchanged from the prior settlement.
The day’s movements highlight the ongoing volatility across China’s polymer futures, with market participants continuing to assess supply-demand dynamics and broader energy market trends.
