On February 2, Fujian Refining & Chemical (South China) LLDPE 7042 was quoted at 7,100 yuan/ton, up by 100 yuan/ton. PriceSeek's analysis of LLDPE shows a long-short score of 1.5. The article indicates that the spot price of Fujian Refining & Chemical LLDPE 7042 is reported at 7,100 yuan/ton, with a daily increase of 100 yuan/ton, reflecting a significant rise. This suggests tightening supply or recovering demand in the South China region, providing strong support for spot prices. Combined with polyethylene futures data, the main contracts, such as 2610 closing at 7,057 yuan (up 43 yuan) and 2611 closing at 7,100 yuan (up 60 yuan), both show an upward trend. Trading volume remains stable, and open interest changes are minimal, reflecting optimistic market expectations. Futures prices are being driven by spot prices, with short-term sentiment leaning bullish. However, attention should be paid to future supply-demand balance. Therefore, the score is +1.5, indicating a moderately significant positive development.
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