As of August 13, the Dalian Commodity Exchange witnessed downward shifts across key polymer futures, signaling a broad-based cooling in domestic petrochemical sentiment. The LLDPE (2509 contract) declined 0.20%, or RMB 15 per ton, closing at RMB 7,313 (USD 846) after trading between RMB 7,305 and RMB 7,338. Polypropylene (PP 2509) saw a slightly steeper fall of 0.24%, ending the session at RMB 7,081 (USD 819), down RMB 17 from the previous day’s settlement.
Polyvinyl chloride (PVC 2509) futures also softened, dropping 0.38% to close at RMB 5,016 (USD 581), while mono-ethylene glycol (MEG 2509) slipped nearly half a percent, down RMB 21 to RMB 4,406 (USD 510). All exchanges used an exchange rate of USD 1 = RMB 7.18.
These declines follow a recent pattern of softness. Market data shows that on August 12, Chinese futures for LLDPE, PP, PVC, and MEG had surged modestly, but the trend has reversed in the current session, capturing shifting sentiment.
This across-the-board correction suggests traders are tempering risk as demand remains uncertain. Summer typically brings softer downstream activity, and with key markets grappling with oversupply or weakened consumption, futures have adjusted downward accordingly. The reversal reinforces a cautious tone across the marketplace as participants reel from earlier gains and economic headwinds.
