Dalian Futures Market Sees Sharp Decline in PP, LLDPE, PVC and MEG on May 7

China’s Dalian Commodity Exchange witnessed a broad decline across major petrochemical futures on May 7, with PP, LLDPE, PVC, and MEG contracts all closing lower amid weak market sentiment and active trading volumes.

September LLDPE futures dropped by CNY394/ton to settle at CNY8209/ton, equivalent to nearly $1068/ton excluding VAT. Trading activity remained strong, with total volumes crossing 575,000 tons during the session.

PP futures for September delivery also moved lower, falling by CNY320/ton and ending the day at CNY8685/ton, or around $1130/ton without VAT. Market participation stayed high as trade volumes exceeded 662,000 tons.

PVC futures extended losses as well, with September contracts declining by CNY143/ton to settle at CNY5193/ton, equivalent to about $676/ton excluding VAT. PVC recorded the highest trading activity among the products, with volumes surpassing 1.25 million tons.

Meanwhile, September MEG futures registered a significant drop of CNY300/ton, closing at CNY4961/ton, or approximately $645/ton without VAT. Total traded volume stood above 549,000 tons.

The overall weakness across futures reflected cautious market sentiment and ongoing pressure in China’s petrochemical sector.

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