During this period (January 23-29), the capacity utilization rate of polyethylene production enterprises in China was 85.35%, a decrease of 0.68 percentage points compared to the previous period.
PriceSeek Analysis
LLDPE, Bull-Bear Score: 1
This week, China's polyethylene capacity utilization rate fell by 0.68 percentage points to 85.35%, indicating a tightening of supply, which may push up LLDPE spot prices. Combined with polyethylene futures data, the main contract such as 2605 (closing price 6,865 yuan/ton, change -71) has been under pressure recently, but the expectation of reduced supply may support a rebound in futures prices, favoring long positions.
LDPE, Bull-Bear Score: 1
The decline in capacity utilization reflects a slowdown in production, and the reduction in supply is favorable for LDPE spot prices. Polyethylene futures contracts such as 2604 (closing price 6,834 yuan/ton, change -69) show short-term downward pressure, but the expectation of supply contraction may mitigate the decline, providing support for futures prices, which is generally positive.
HDPE, Bull-Bear Score: 1
The capacity utilization rate decreased by 0.68 percentage points, and the tightening supply is favorable for HDPE spot prices. In polyethylene futures data, contracts such as 2609 (closing price 6,916 yuan/ton, change -63) have been weak recently, but the factor of reduced supply may enhance the potential for future price increases, benefiting the futures market.
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