On February 9, Maoming Petrochemical (South China Branch) quoted LDPE 2426H at 8,700 yuan per ton, down 100 yuan per ton. PriceSeek analysis of LDPE: Bull-Bear Score: -1. The spot price of LDPE fell by 100 yuan per ton, reflecting increased market supply or weak demand, leading to intensified downward pressure on prices. A score of -1 indicates a generally bearish outlook, primarily due to Maoming Petrochemical’s price reduction, suggesting potential risks of inventory accumulation or weakened consumption in the short-term spot market.
Comments
0