On January 15, Fujian Refining & Chemical (South China) reported the price of LLDPE 7042 at 6,900 yuan/ton, an increase of 100 yuan/ton. PriceSeek's analysis of LLDPE indicates a long-short score of 1.5. The report highlights that the spot price of LLDPE 7042 has risen by 100 yuan/ton to 6,900 yuan/ton, reflecting tight supply or increased demand in the South China region, which significantly supports the spot price. The latest closing price of polyethylene futures contract 2609 is 6,855 yuan/ton, up by 82 yuan, with a trading volume of 26,194 lots and an increase in open interest by 508 lots. This suggests a strengthening bullish sentiment in the market, and the futures price is expected to continue its upward trend, driven by the spot market.
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