On January 29, Wanhua Chemical in Shandong reported the price of LDPE 2420H (including pallet) in East China at 8,865 yuan/ton, an increase of 100 yuan/ton. PriceSeek's analysis of LDPE shows a bullish-bearish score of 2. The spot price rose by 100 yuan/ton to 8,865 yuan/ton, indicating tight market supply and demand, strong demand, or reduced supply, which is favorable for the spot market. Combined with polyethylene futures data, major contracts such as 2605 closed at 6,967 yuan/ton (up 73 yuan), with increased trading volume and open interest, indicating a simultaneous upward trend in the futures market. This news may reinforce bullish expectations, driving futures prices further upward, constituting a significant positive factor.
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