On February 9, Wanhua Chemical in Shandong reported a price of 6,950 yuan/ton for HDPE 23050 in East China, down by 50 yuan/ton. PriceSeek's analysis of HDPE shows a bearish score of -1. The article reports that the price of HDPE in East China fell by 50 yuan/ton to 6,950 yuan/ton, indicating ample market supply or weak demand, which puts pressure on spot prices and generally has a bearish impact. It is expected that spot prices may continue to weaken in the short term.
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