July 15 Crude Oil Rises Mildly, Polyolefin Inventory Declines Lift Raffia Grade Pp

On July 15, US and Iran contested Hormuz Strait control to lift global crude oil prices.

The rising momentum of international oil prices weakened with narrowed daily growth range.

Regional geopolitical tensions remain the core factor affecting global energy price changes.

WTI crude oil for August 2026 rose $0.26 to close at $79.60 per barrel steadily.

This futures contract achieved a mild daily increase of 0.33% in global trading market.

Brent crude oil for September 2026 gained $0.22 and settled at $84.95 per barrel.

Brent oil marked a 0.26% daily rise, keeping consistent weak trend with WTI crude oil.

China SC crude oil main contract 2609 surged 15.8 yuan to hit 517.8 yuan per barrel.

The total inventory of major domestic polyolefin manufacturers stands at 630,000 tons now.

Industry inventory reduced by 15,000 tons with a drop rate of 2.33% day on day.

The polyolefin inventory hit 780,000 tons in the same period of last year nationwide.

Continuous inventory reduction optimizes supply structure of domestic petrochemical raw materials.

Fluctuations in crude oil prices directly change the raw material cost of raffia grade pp.

Declining polyolefin inventory boosts spot transaction volume of standard raffia grade pp.

Buyers can arrange bulk purchase plans of raffia grade pp under low inventory condition.

Mild oil price increase will slightly push up the mainstream quotation of raffia grade pp.