Oil’s surge toward $100 per barrel is starting to ripple through plastics markets. In China, futures for polyethylene, polypropylene and PVC have moved higher alongside sharp gains in key petrochemical feedstocks such as methanol, paraxylene and PTA. Rising crude and naphtha costs, combined with tighter chemical supplies, are increasing pressure on producers. If oil remains elevated, higher raw-material costs could eventually translate into more expensive plastic products across global markets.
Chinese Plastics and Petrochemical Futures — September 8
- Methanol:+6.03%, hitting its daily limit
- PX (paraxylene): +5.58%
- PTA: +4.86%
- PVC: +1.11%
- Polypropylene: +2.86%
- Styrene: +2.58%
- “Plastics”/LLDPE futures: +2.17%
- MEG: +2.14%
- PET bottle chips: +3.77%