On January 5th, Wanhua Chemical in Shandong reported the following prices:
LLDPE 7042 in East China was quoted at 6,650 RMB/ton, up by 50 RMB/ton;
LLDPE 7050 in East China was quoted at 6,800 RMB/ton, up by 100 RMB/ton;
LDPE 2420H in East China (including pallet) was quoted at 8,465 RMB/ton, up by 100 RMB/ton.
PriceSeek Analysis:
LLDPE, Bull-Bear Score: 1
The article indicates that spot prices for LLDPE in East China have generally risen, with LLDPE 7042 up by 50 RMB/ton to 6,650 RMB/ton and LLDPE 7050 up by 100 RMB/ton to 6,800 RMB/ton. This suggests tight market supply or increased demand, exerting a generally positive impact on spot prices.
LDPE, Bull-Bear Score: 1
Spot prices for LDPE 2420H in East China have risen by 100 RMB/ton to 8,465 RMB/ton, reflecting improved supply-demand dynamics, such as rising demand or reduced supply, which constitutes a generally positive influence on spot prices.
Comments
0