On January 8th, Shandong Wanhua Chemical reported LLDPE 7042 in the East China region at 6,800 RMB/ton, an increase of 150 RMB/ton; LLDPE 7050 in East China was reported at 6,850 RMB/ton, up 50 RMB/ton; LDPE 2420H (including pallets) in East China is quoted at 8,715 RMB/ton, an increase of 250 RMB/ton.

The article shows that the spot price of LLDPE in East China has significantly increased (LLDPE 7042 has risen by 150 RMB/ton to 6,800 RMB/ton, and LLDPE 7050 has risen by 50 RMB/ton to 6,850 RMB/ton), indicating tight supply or increased demand in the spot market, which is favorable for spot prices. Based on PE futures data, the main contracts, such as 2605 closing price of 6,628 RMB/ton (up 38 RMB/ton) and 2606 closing price of 6,630 RMB/ton (up 39 RMB/ton), have active trading volume (such as 2605 contract trading volume of 568,961 lots), and changes in holdings indicate an increase in market bullish sentiment, providing support for futures prices.

The article reports that the spot price of LDPE in East China has significantly increased by 250 RMB/ton to 8,715 RMB/ton (including pallets), reflecting tight supply and demand in the spot market, which is favorable for spot prices. Combined with the PE futures market, the prices of major contracts have generally increased (such as the 2605 contract rising by 38 RMB/ton), with high trading volume and stable holdings, indicating a synchronous strengthening of the futures market and favorable futures price expectations.

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