Polymer futures in China closed weaker on Monday, with all major contracts recording losses despite intraday fluctuations.
Linear low-density polyethylene (LLDPE, l2601) opened at RMB 7,427 (USD 862) per tonne and traded between RMB 7,455 (USD 865) and RMB 7,396 (USD 858) before settling at RMB 7,402 (USD 859). The close marked a decline of 0.12 percent, or RMB 9 (USD 1.04/mt), from the previous settlement of RMB 7,411 (USD 860).
Polypropylene (PP, pp2601) also eased, opening at RMB 7,079 (USD 822) per tonne and moving within a range of RMB 7,090 (USD 823) to RMB 7,045 (USD 818). The contract ended at RMB 7,046 (USD 818), down 0.30 percent or RMB 21 (USD 2.44/mt) from last Friday’s close of RMB 7,067 (USD 820).
Polyvinyl chloride (PVC, v2601) registered the steepest decline, opening at RMB 5,062 (USD 587) per tonne, touching a high of RMB 5,063 (USD 588) and a low of RMB 4,994 (USD 580). It settled at RMB 4,999 (USD 580), a fall of 1.01 percent or RMB 46 (USD 5.34/mt) from the previous settlement of RMB 5,045 (USD 585).
Monoethylene glycol (MEG, eg2601) also slipped, opening at RMB 4,510 (USD 523) per tonne and trading between RMB 4,521 (USD 525) and RMB 4,486 (USD 521). It closed at RMB 4,490 (USD 521), representing a drop of 0.27 percent or RMB 12 (USD 1.39/mt) compared with the prior close of RMB 4,502 (USD 522).
Overall, the day’s session reflected broad-based weakness across China’s polymer futures, with bearish sentiment weighing on trading activity.
