Market Overview:
As of mid-July 2026, the global plastics market shows mixed signals. Crude oil prices have declined to around $65/barrel (Brent), exerting downward pressure on plastic resin costs. The commodity plastic futures index stands at 6,965 points, down 0.13%.
Key Market Data:
- LDPE (Low-Density Polyethylene): 10,250-12,200 CNY/ton, down 250 CNY/ton
- LLDPE (Linear Low-Density Polyethylene): 8,500-9,200 CNY/ton
- PP (Polypropylene): 6,876 points on futures, slight decline of 0.09%
- PVC Price Index: 4,473 points, down 0.60%
International Industry Updates:
- PE Prices: PE prices dropped 15 cents in June across major markets
- Aerospace Composites: Syensqo announced expansion of US aerospace composites capacity to meet growing aircraft production demand
- Manufacturing Investment: Riverside Mfg. opened a new $10 million headquarters in Indiana, USA
- Resin Market: Resin prices show divergence - PP declined while PS climbed
China Industry Dynamics:
- Multiple Zhejiang plastics enterprises won Provincial Government Quality Awards
- Huafon Group Materials Research Institute officially inaugurated
- 公元管道(ERA) HDPE gas products obtained GOST certification, entering Russian market
- Ningbo Plastics & Rubber Industry Exhibition received strong industry participation
Market Outlook:
Industry analysts suggest that current market weakness stems from sluggish downstream demand, though cost support remains. Short-term PE/PP markets are expected to maintain consolidation with limited downside space. Long-term outlook depends on macroeconomic recovery and supply-demand balance adjustments.
Date: July 16, 2026
