[Plastics Industry Daily — July 10, 2026]
On July 9 (Wednesday), international oil prices fell sharply. NYMEX WTI August crude futures settled at $72.08/barrel, down $1.44 (1.96%); Brent September contract settled at $76.30/barrel, down $1.72 (2.20%).
In the July 10 morning session, domestic commodity futures showed mixed movement. Crude oil futures extended losses, with the main contract down more than 3%, settling at 465.2 yuan/barrel; pure benzene and coking coal fell over 2%, fuel oil and PTA down more than 1%. LLDPE and PP futures also declined, increasing market wait-and-see sentiment in spot markets.
Despite this, the July 9 woven packaging raw material market continued its upward trend from the previous day. PP granules, PP powder, and LLDPE film material prices all rose notably, with increases ranging from 50-280 yuan/ton. Sustained futures gains boosted market trading sentiment, though factory cautiousness persists, with demand primarily from rigid procurement.
According to SCI (Sci99) analysts, the current period coincides with the off-season for downstream demand, and weak demand continues to pressure spot markets. Falling crude oil has loosened cost-side support, though geopolitical tensions have driven some market optimism. Plastic raw material prices are expected to remain in a volatile range in the short term. Industry participants are advised to monitor cost changes and downstream restocking pace.
Source: SCI99, NYMEX, Xinhua News Agency
