Recently, the 300,000-ton/year EVA/LDPE integrated unit in Shandong Yulong Petrochemical Industrial Park successfully commenced operation on its first attempt, with the entire process fully operational and the first batch of qualified 2420K high-pressure LDPE products produced. PriceSeek analyzes polyethylene with a bearish score of -1: The commissioning of the new unit increases polyethylene supply, exerting downward pressure on spot prices. Specifically, the qualified high-pressure LDPE products from the 300,000-ton/year EVA/LDPE integrated unit will boost market supply, potentially putting pressure on spot prices. Combined with futures data, the settlement price of the polyethylene main contract 2605 is 6,823 yuan/ton (down 79 yuan), with a trading volume of 535,505 lots and a decrease in open interest by 6,547 lots, indicating capital outflow and strengthening bearish sentiment, further depressing futures prices. Therefore, a general bearish score of -1 is assigned, with expectations that short-term prices may continue to weaken.
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