[SCI99] June 23, 2026 — International crude oil prices fell sharply, with WTI dropping to $76.05/bbl and Brent to $78.96/bbl, weighing on domestic plastics futures across the board.
1. Futures Market
LLDPE main contract closed at 7,160 CNY/MT, down 1.84%; PE index at 8,839 (-1.44%); PP index at 9,396 (-1.66%); PVC index at 4,674 (-0.09%). Overall plastics industry index at 8,345, down 1.07%.
2. Spot Market
Recycled PE prices held steady at 6,100-6,200 CNY/MT with moderate trading volume. PVC spot (sulfuric acid process) based at 4,450 CNY/MT per SCI100, with East China delivered prices at 4,350-4,450 CNY/MT.
3. Industry Events
The 21st Saudi Plastics & Petrochem exhibition runs June 21-24 in Riyadh, hosting 498 exhibitors and 20,550+ visitors, spotlighting sustainable plastics and lightweighting solutions.
4. Outlook
Analysts say crude oil faces continued downside pressure near-term; cost support is weakening, potentially shifting profit margins back upstream. Monitor oil movements and plant maintenance schedules.
Source: SCI99, GCAN, 100ppi | June 23, 2026
