[Market Summary] On July 6, 2026, China's plastic futures market posted gains across the board. LLDPE main contract settled at 6,861 CNY/MT, up 63 yuan; PP futures at 7,275 CNY/MT, surging 148 yuan; PVC futures at 4,453 CNY/MT, up 84 yuan.
[Price Indices] The plastic industry index closed at 7,494 points, up 7 points. By product: HDPE index 7,660 (+10), LLDPE index 7,359 (+10), PP index 8,031 (+31), PVC index 4,501 (+28); LDPE index 9,143 (-39), ABS index 9,325 (-30).
[Upstream Feedstock] Propylene CFR China at $898/MT (-9), FOB Korea at $868/MT (-9), Ethylene CFR Northeast Asia at $808/MT (flat), Styrene Asia at $943/MT (+5), Butadiene CFR Taiwan at $1,085/MT (-80).
[Crude Oil] Brent crude at $72.12/bbl (+0.32), WTI at $68.69/bbl (+0.11). WTI market closed for US Independence Day holiday.
[PP Spot] According to 100ppi.com, as of July 5, domestic PP spot averaged 8,083.33 CNY/MT. Futures front-month at 7,143. 180-day average basis rate at 4.94%, 90-day at 9.94%.
