On February 10th, Guangzhou Branch (South China) quoted LLDPE 7042 at 6,800 RMB/ton, a decrease of 100 RMB/ton.

The article reports that the spot price of LLDPE 7042 has dropped by 100 RMB/ton to 6,800 RMB/ton, a decrease of about 1.47%, indicating that there is oversupply or weak demand in the spot market in South China, which poses a significant negative impact on spot prices. Combined with the polyethylene futures market, the main contracts of Dalian Commodity Exchange, such as 2605 (closing price of 6,775 RMB/ton, down 9 RMB) and 2609 (closing price of 6,826 RMB/ton, down 12 RMB), have generally fallen, indicating a bearish market sentiment due to changes in holdings, which may further drag down futures prices.

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