Dalian Futures Market: PP, LLDPE, PVC and MEG Show Mixed Movement on May 11

China’s Dalian Commodity Exchange recorded mixed performance across major petrochemical futures on May 11, with PP and LLDPE contracts posting gains while PVC edged slightly lower and MEG remained largely stable.

September LLDPE futures closed higher by CNY96/ton, settling at CNY8140/ton, equivalent to nearly $1060/ton excluding VAT. Trading activity stayed active with volumes reaching around 428,933 tons during the session.

PP futures for September delivery also moved upward, gaining CNY128/ton to finish at CNY8656/ton, or approximately $1127/ton without VAT. Total traded volume exceeded 570,000 tons.

Meanwhile, September PVC futures slipped marginally by CNY24/ton, ending the day at CNY5136/ton, equivalent to about $669/ton excluding VAT. PVC continued to witness strong participation with trading volumes crossing 867,000 tons.

MEG futures remained mostly stable during the trading session, settling near CNY4799/ton, or around $625/ton without VAT. Market turnover for MEG stood above 417,000 tons.

The overall market reflected cautious sentiment as traders monitored demand conditions and broader movement across China’s petrochemical sector.

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