On January 12, Shandong Wanhua Chemical's full-density unit switched to producing 7050 on January 10. The low-pressure unit has been shut down for maintenance since September 14 and is expected to restart in January 2026. The 250,000-ton LDPE unit is producing 2420H. In East China, LLDPE 7042 is quoted at 6,900 yuan/ton, up 100 yuan/ton; LLDPE 7050 is quoted at 6,950 yuan/ton, up 100 yuan/ton; LDPE 2420H (including pallet) is quoted at 8,815 yuan/ton, up 100 yuan/ton.
PriceSeek Analysis:
HDPE, Bull-Bear Score: 1
Shandong Wanhua Chemical's low-pressure unit is shut down for maintenance, with an expected restart in January 2026, leading to reduced supply. This is favorable for HDPE spot prices and may push market quotations higher.
LLDPE, Bull-Bear Score: 1
The full-density unit has switched to producing LLDPE 7050, increasing supply. However, strong demand has driven prices for LLDPE 7042 and 7050 in East China to 6,900 yuan/ton and 6,950 yuan/ton, respectively, up 100 yuan/ton, which is favorable for spot prices.
LDPE, Bull-Bear Score: 1
The LDPE unit is operating normally, producing 2420H. In East China, the price is quoted at 8,815 yuan/ton, up 100 yuan/ton. Stable supply combined with demand support significantly benefits spot prices.