On January 15, Wanhua Chemical in Shandong reported the following prices: LLDPE 7050 in East China at 7,250 RMB/ton, up 150 RMB/ton; LDPE 2420H (including pallet) in East China at 9,215 RMB/ton, up 200 RMB/ton; HDPE 23050 in East China at 7,050 RMB/ton, with the price remaining stable.
PriceSeek Analysis:
LLDPE: Bull-Bear Score: 1
The spot price of LLDPE increased by 150 RMB/ton to 7,250 RMB/ton, reflecting increased market demand or tightening supply, which is favorable for spot prices.
LDPE: Bull-Bear Score: 1
The spot price of LDPE rose by 200 RMB/ton to 9,215 RMB/ton, indicating tight market supply and demand, providing positive support for spot prices.
HDPE: Bull-Bear Score: 0
The spot price of HDPE remained stable at 7,050 RMB/ton, with no significant changes, having a neutral impact on the spot market.
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