China Dalian Futures Close Higher Across PP, PE, PVC and MEG

Futures on the Dalian Commodity Exchange ended higher on March 30, with gains recorded across major polymer and petrochemical contracts including PP, LLDPE, PVC, and MEG.

LLDPE Futures Rise Sharply

May LLDPE futures settled higher by CNY 217/ton at CNY 9018/ton, equivalent to $1155/ton (excluding VAT).

Trading activity remained strong, with total volume reaching 890,738 tons.

PP Futures Lead Gains

May PP futures recorded the biggest increase among the complex, rising by CNY 265/ton to settle at CNY 9494/ton, or $1216/ton (excluding VAT).

Trade volume stood at 1,032,463 tons, indicating active market participation.

PVC Futures Post Moderate Increase

May PVC futures moved up by CNY 44/ton to CNY 5658/ton, equivalent to $725/ton (excluding VAT).

PVC saw the highest trading volume of the day at 1,889,192 tons.

MEG Futures Also Move Higher

May MEG futures increased by CNY 222/ton to settle at CNY 5413/ton, or $693/ton (excluding VAT).

Total traded volume for MEG reached 773,216 tons.

Market Overview

The overall upward movement across the Dalian futures market reflects firm sentiment in China’s polymer and petrochemical sector, supported by supply concerns and active trading interest.

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