In November 2025, China imported a total of 1.0622 million tons of polyethylene. PriceSeek's analysis on HDPE indicates a negative outlook with a score of -1. The increase in the quantity of imported polyethylene (106.22 million tons) has led to an increase in the supply of polyethylene, putting downward pressure on the spot prices of HDPE. An oversupply could lead to demand-side pressures, and combined with recent declines in the main futures contract for polyethylene (December 26th closing price at 6465 yuan/ton, down 20 yuan), the market sentiment is bearish, and the futures prices are expected to continue their weak trend. For LDPE, the score is also negative at -1. The increase in imported volume of 1.0622 million tons has exacerbated the oversupply of LDPE, enhancing bearish signals for spot prices. The rise in domestic inventory pressure may suppress the spot market, with futures data showing that the main contract for polyethylene 2605 settled at 6388 yuan/ton, with a decrease in open interest indicating market bearish expectations, increasing the risk of futures prices falling. For LLDPE, the score is negative at -1. The import of 1.0622 million tons of LLDPE has strengthened the oversupply situation, putting downward pressure on spot prices. Against the backdrop of short-term demand deficiency, futures contracts such as 2605 had high trading volume but decreased open interest (December 26th open interest was 526,703, decreasing by 15,696), reflecting market selling sentiment, and futures prices are expected to maintain a weak trend.