Key polymer contracts on China’s Dalian Commodity Exchange nudged higher today, extending a cautious upward drift despite a quiet broader market. With the yuan trading at 7.12 to the dollar, gains were modest but consistent across major grades.
Linear low-density polyethylene (LLDPE, January 2026) opened at RMB 7,117, about USD 831 per metric ton, and settled at RMB 7,142, or USD 834, a rise of 0.48% from the previous RMB 7,108 close. Prices touched an intraday high of RMB 7,165 before easing slightly.
Polypropylene (PP) for January delivery followed a similar path, opening at RMB 6,860 (USD 801) and closing at RMB 6,877 (USD 803), up 0.39% from the prior settlement of RMB 6,850. The contract ranged between RMB 6,897 and RMB 6,847 through the session.
Polyvinyl chloride (PVC) added 0.33%, ending at RMB 4,919 (USD 574) after starting at RMB 4,899. The day’s high came in at RMB 4,956, with the low at RMB 4,869, compared with a previous close of RMB 4,903.
Monoethylene glycol (MEG) also edged higher, settling at RMB 4,234 (USD 494), a 0.47% uptick from RMB 4,214. It opened at RMB 4,220 and moved between RMB 4,251 and RMB 4,204.
Traders cited a mix of stable feedstock costs and cautious restocking ahead of the week’s close, keeping sentiment firm without sparking aggressive buying. Market participants continue to watch crude oil’s trajectory and regional demand signals for cues on whether this gentle climb can hold into the next trading sessions.
