Dalian futures end higher as PP, LLDPE, PVC and MEG extend gains

Futures contracts for major petrochemical products on the Dalian Commodity Exchange (DCE) closed higher on July 24, with MEG recording the strongest daily gain, followed by LLDPE, PP, and PVC.

September LLDPE futures settled at CNY8,006/ton ($1,046/ton, excluding VAT), rising CNY101/ton ($15/ton) from the previous session. Trading activity remained active, with a total volume of 645,912 tons.

September PP futures also moved higher, closing at CNY8,460/ton ($1,105/ton, excluding VAT) after gaining CNY79/ton ($12/ton). The contract recorded a trading volume of 783,731 tons.

September PVC futures finished at CNY4,628/ton ($605/ton, excluding VAT), up CNY65/ton ($10/ton) on the day, while total trading volume reached 996,727 tons, making it the most actively traded contract among the four products.

Meanwhile, September MEG futures posted the largest increase, climbing CNY170/ton ($25/ton) to settle at CNY4,924/ton ($643/ton, excluding VAT). Trading volume for the contract stood at 552,597 tons.

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