Dalian Futures End Higher as PP, LLDPE, PVC and MEG Extend Gains on July 23

The Dalian Commodity Exchange closed higher across all major petrochemical futures on July 23, with contracts for PP, LLDPE, PVC, and MEG all posting gains. Among the four products, LLDPE recorded the largest increase, followed by PP, while PVC registered a modest rise.

The September LLDPE contract settled CNY168/ton ($25/ton) higher at CNY7,889/ton ($1,031/ton, excluding VAT), with a trading volume of 592,382 tons.

The September PP contract gained CNY155/ton ($23/ton) to close at CNY8,391/ton ($1,097/ton, excluding VAT). Trading activity reached 663,110 tons during the session.

Meanwhile, September PVC futures advanced by CNY35/ton ($5/ton), settling at CNY4,591/ton ($600/ton, excluding VAT). The contract recorded the highest trading volume among the four products at 1,073,257 tons.

In the MEG market, the September contract increased by CNY91/ton ($13/ton) to finish at CNY4,786/ton ($626/ton, excluding VAT), while total trading volume stood at 372,254 tons.

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