In November 2025, the total import of PE in China was 1.0622 million tons.

The import volume of 1.0622 million tons has increased the supply of PE, and the spot price of HDPE is facing downward pressure. Oversupply may lead to pressure on the demand side, combined with the recent decline in prices of major PE futures contracts such as 2605 (closing price of 6,465 RMB/ton on December 26, down 20 RMB), market sentiment is bearish, and futures prices are expected to continue to be weak.

The import growth of 1.0622 million tons has intensified the loose supply of LDPE, and the negative signal of spot prices has strengthened. The increase in domestic inventory pressure may suppress the spot market. PE futures data shows that the settlement price of the main contract 2605 is 6,388 RMB/ton, and the decrease in holdings indicates a bearish market expectation, increasing the risk of futures price decline.

LLDPE imports of 1.0622 million tons strengthen the supply surplus, and spot prices are under pressure and falling. Against the backdrop of insufficient short-term demand, PE futures contracts such as 2605 have high trading volumes but decreased holdings (as of December 26th, holdings were 526,703, a decrease of 15,696), reflecting market selling sentiment, and futures prices are expected to maintain a weak trend.

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