Dalian futures rally on June 1 as PP, LLDPE, PVC and MEG post gains

Major polymer and petrochemical futures on the Dalian Commodity Exchange started June on a stronger note, with all key contracts closing higher during the June 1 trading session.

September LLDPE futures recorded the largest increase among the polymer contracts, rising by CNY134/ton to settle at CNY7939/ton, equivalent to approximately $1038/ton excluding VAT. Trading activity remained robust, with total volume reaching 564,744 tons.

September PP futures also moved higher, gaining CNY100/ton to close at CNY8556/ton, or around $1119/ton without VAT. The contract recorded a trading volume of 617,121 tons.

PVC futures extended their upward momentum as the September contract advanced by CNY52/ton, settling at CNY4981/ton, equivalent to nearly $652/ton excluding VAT. PVC remained the most actively traded contract among the four products, with volume reaching 1,182,229 tons.

Meanwhile, September MEG futures posted a modest increase of CNY35/ton to settle at CNY4479/ton, or approximately $586/ton without VAT. Trading volume for the session stood at 361,024 tons.

The overall market tone remained positive, with all four major contracts ending the day in positive territory and reflecting improved sentiment at the start of the new month.

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