On Wednesday, polymer futures in China closed on a firmer note, with LLDPE, PP, PVC, and MEG all recording modest day-on-day gains, supported by steady market sentiment and improved buying interest.
LLDPE (l2601) opened at RMB 7,347 (USD 850) and traded between RMB 7,413 (USD 858) and RMB 7,337 (USD 849) before closing at RMB 7,386 (USD 855). The contract rose by 1.15%, or RMB 84 (USD 9.72/mt), compared with the previous settlement of RMB 7,302 (USD 845/mt).
PP (pp2601) started at RMB 7,050 (USD 816), reaching a high of RMB 7,064 (USD 818) and a low of RMB 7,020 (USD 812), before ending at RMB 7,048 (USD 820). Prices gained 1.03%, or RMB 36 (USD 4.17/mt), from the prior close of RMB 7,012 (USD 812/mt).
PVC (v2601) opened at RMB 5,000 (USD 579), touched a high of RMB 5,031 (USD 582) and a low of RMB 4,993 (USD 578), settling at RMB 5,004 (USD 579). The contract edged up 0.30%, or RMB 15 (USD 1.74/mt), from the previous level of RMB 4,989 (USD 577/mt).
MEG (eg2601) began the session at RMB 4,470 (USD 517), moved between RMB 4,493 (USD 520) and RMB 4,451 (USD 515), and closed at RMB 4,473 (USD 518). This marked an increase of 0.47%, or RMB 21 (USD 2.43/mt), from Tuesday’s settlement of RMB 4,452 (USD 515/mt).
The gains across key polymer contracts highlight cautious optimism in China’s futures market, with steady momentum supporting price movements.
