Dalian Futures Extend Gains as PP, LLDPE and MEG Move Higher on June 2

Trading on the Dalian Commodity Exchange ended with a mixed performance on June 2, as PP, LLDPE and MEG futures posted gains while PVC recorded a slight decline.

Among the major polymer contracts, September PP futures delivered the strongest performance of the day. The contract advanced by CNY129/ton to settle at CNY8,685/ton, equivalent to around $1,137/ton excluding VAT. Trading activity remained active, with total volume reaching 721,349 tons.

September LLDPE futures also closed higher, rising by CNY55/ton to finish at CNY7,994/ton, or approximately $1,046/ton without VAT. The contract registered a trading volume of 586,695 tons.

In the PVC segment, September futures edged down by CNY9/ton, settling at CNY4,972/ton, equivalent to nearly $651/ton excluding VAT. Despite the slight decline, trading remained strong with volume totaling 967,037 tons.

Meanwhile, September MEG futures recorded a solid increase of CNY62/ton, ending the session at CNY4,541/ton, or about $594/ton without VAT. The contract posted a trading volume of 374,830 tons.

Overall, market sentiment remained largely positive, supported by gains across most major contracts. PP led the rally, while PVC was the only product to finish the day marginally lower.

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