Market Summary — On July 5, 2026, China's domestic plastics futures market saw a full-scale rebound, with the three major contracts all closing higher. PP futures main contract closed at 7,275 yuan/ton, up 148 yuan/ton from the previous session; PVC futures main contract closed at 4,453 yuan/ton, surging 84 yuan/ton; LLDPE futures main contract closed at 6,861 yuan/ton, up 63 yuan/ton.
In the spot market, East China LDPE film-grade mainstream quotations stood at 9,450 yuan/ton, PP raffia-grade at 9,300 yuan/ton, and PVC composite at 5,700 yuan/ton, all basically flat versus the previous day. The futures rally provided some support to spot market sentiment.
Price Indices:
- Plastics Industry Index: 7,494 ↑7
- PE Price Index: 8,119 ↓7
- PP Price Index: 8,031 ↑31
- PVC Price Index: 4,501 ↑28
- ABS Price Index: 9,325 ↓30
- Recycled Plastics Index: 5,757 ↓23
Analysts noted that this round of futures gains was mainly driven by cost-side support and supply tightness caused by plant shutdowns and maintenance in some regions. However, demand-side improvement remained limited, and the market is expected to remain volatile in the short term. Attention should be paid to upstream crude oil price trends and changes in downstream operating rates.
Source: JLC Intelligence, Replasinfo | July 6, 2026
