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[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
[Market Summary] On June 22, 2026, plastics futures fell across the board as positive US-Iran nuclear talks and sluggish downstream demand pressured sentiment. PP main contract dropped 2% to settle at 7,615 CNY/tonne; LLDPE futures fell to 7,206
China's plastics and rubber industry showed full-chain growth in Jan-Apr 2026. Primary plastics output reached 48.847 million tons (+3.4%), synthetic rubber 2.989 million tons (+2.1%), while chemical出厂prices rose 12.7% YoY.
WTI crude rose to $76.79/barrel on June 17, but plastics futures remained under pressure with PVC at 4,618 yuan/ton, LLDPE at 7,504 yuan/ton and PP breaking below 8,000.
The global polyurethane foam blowing agent market is projected to reach $3.1 billion in 2026. Meanwhile, China PE prices continue declining amid weak seasonal demand.
A massive fire at Versalis warehouse in Mantua, Italy forced evacuation of 800 residents. Meanwhile, the EU is accelerating moves to ban soil-biodegradable mulch films.
US-Iran peace deal sends WTI below $80, Brent to $83. Major plastics feedstocks including PE, PP, PVC, and PET decline sharply. China's Zhongyan plans 10,000-tonne PEEK expansion.
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