Dalian futures retreat as PP, LLDPE, PVC and MEG close lower

Futures prices for key petrochemical products on the Dalian Commodity Exchange (DCE) ended lower on July 27, with PP and LLDPE recording the sharpest declines of the day, while PVC and MEG also extended losses.

September LLDPE futures settled at CNY7,763/ton ($1,015/ton, excluding VAT), falling CNY243/ton ($36/ton) from the previous session. Total trading volume reached 614,575 tons.

September PP futures also weakened, closing at CNY8,207/ton ($1,073/ton, excluding VAT) after declining CNY253/ton ($37/ton). The contract recorded a trading volume of 781,472 tons.

September PVC futures finished at CNY4,560/ton ($596/ton, excluding VAT), down CNY68/ton ($10/ton) on the day. Trading activity remained strong, with a total volume of 1,092,218 tons, the highest among the four contracts.

Meanwhile, September MEG futures settled at CNY4,854/ton ($635/ton, excluding VAT), slipping CNY70/ton ($10/ton). The contract posted a trading volume of 714,040 tons.

Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.