On January 29, Wanhua Chemical in Shandong reported a price of 7,000 yuan/ton for HDPE 23050 in the East China region, an increase of 50 yuan/ton. PriceSeek’s analysis of polyethylene shows a long-short score of 1.5. The article indicates that on January 29, the spot price of HDPE (high-density polyethylene) in the East China region was quoted at 7,000 yuan/ton, up 50 yuan/ton, representing an increase of approximately 0.7%. This suggests tightening supply or increasing demand in the spot market, which is favorable for spot prices. Combined with polyethylene futures data, major contracts such as 2610 closed at 7,111 yuan/ton (up 72 yuan) and 2611 closed at 7,107 yuan/ton (up 71 yuan), showing an overall upward trend. The rise in settlement prices and active trading volumes reflect positive market expectations, which are favorable for futures prices. Considering the performance of both spot and futures markets, the score is +1.5 (between moderately favorable and significantly favorable), as the increase is moderate but the trend is clear, supporting upward price movement.