SunSirs: LLDPE Spot Price Rises by 50 RMB, Benefiting China PE Market
January 06 2026 10:35:14 SunSirs (Selena)
On January 5th, Zhenhai Refining and Chemical (East China) reported LLDPE 7042 at 6,500 RMB/ton, an increase of 50 RMB/ton.
The article reports that the spot price of LLDPE 7042 at Zhenhai Refining and Chemical has risen by 50 RMB/ton to 6,500 RMB/ton, indicating improved demand or tight supply, which is favorable for spot prices. Combined with the settlement price of 6,494 RMB/ton (up 24 RMB) for the main PE futures contract 2605, the trading volume reached 397,441 lots, and the position increased by 7,498 lots, indicating a strong bullish sentiment in the market. Futures prices are supported and are expected to continue the upward trend in the short term.
As a PE family product, the price of HDPE is highly correlated with LLDPE. The rise in LLDPE spot prices and the overall strengthening of PE futures (such as contract 2605 settlement price of 6,494 RMB, up 24 RMB) reflect the increase in raw material costs and demand recovery, which may drive the HDPE market and slightly benefit spot prices. But the lack of direct data has a relatively indirect impact.
LDPE and LLDPE belong to the same category of PE and have strong price linkage. LLDPE spot prices rose by 50 RMB and PE futures prices rose (settlement price of contract 2605 was 6,494 RMB, up 24 RMB), indicating an overall increase in industry demand, which slightly boosted LDPE spot prices. We need to pay attention to the subsequent changes in supply and demand, but the current market sentiment is relatively positive.
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