On January 6, Fujian Refining & Chemical (South China) quoted LLDPE 7042 at 6,450 yuan/ton, up by 100 yuan/ton. PriceSeek's analysis of LLDPE indicates a bullish-bearish score of 2. The spot price of LLDPE surged by 100 yuan/ton to 6,450 yuan/ton, suggesting tight supply or strong demand in the South China region, which constitutes a significant positive factor for the spot market. Data from the main polyethylene futures contracts (such as 2605 and 2609) show widespread price increases. For instance, the settlement price of the 2605 contract reached 6,494 yuan/ton (up by 24 yuan/ton), accompanied by an increase in open interest, reflecting heightened bullish sentiment in the market. Futures prices are likely to continue their upward trend.
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