The average price of film grade polymer was 2.3% lower in Q4 than in Q3. Similar to the US market, the European market showed a small decline in LDPE pricing during Q4 of FY21 compared to Q3 levels. Although RIL, Opal, and GAIL began adjusting prices lower in December, the price cuts had little effect in the fourth quarter, as demand outpaced supply throughout the quarter. India was impacted by coal shortages at the same era, driving up energy costs. During Q4 examinations, a substantial rise of 15% in the LDPE adhesive film grade was found. India, too, showed a considerable increase in average costs compared to Q3 levels. Supply-side constraints remained in Q4, as freight prices from Europe, the United States of America, and the Middle East to East Asia reached record levels during the October and November. The Asian market saw the inverse of the North American pattern, with average prices increasing in Q4 from Q3 levels, while film grade costs jumped by about 10% in China. Polyethylene prices rose less than the 67.5 EUR/MT increase in feedstock costs in February. LDPE prices in China by the end of Q1 2022 were 11,750 RMB/MT.įollowing constant feedstock costs and sluggish demand, polyethylene and polypropylene prices rolled over in January. By the end of the quarter, the PE spot prices rose steadily, with ex-factory prices rising by 50-150 RMB/MT.
In the beginning of March 2022, the PE market was weak with limited support from cost side amid falling crude oil prices even though the downstream industry remained enthusiastic. In February, the prices rose sharply to 9248 RMB/MT but later dropped to 8830 RMB/MT by the end of the month. LLDPE prices varied from 8622-8761 RMB/MT in China. The PE market in China remained rangebound in January 2022 with limited fluctuations. The falling demand from the packaging and film industries is causing manufacturers to continuously lower their prices in order to make room for new production. However, the prices fell sharply due to the rippling effects of the global market averaging around 0.89/lb.Īccording to Procurement Resource, the prices of Low-density polyethylene will likely decline given the lowered market transactions. Initially, LDPE prices remained firm due to the steady demand from the downstream sectors, with prices averaging around 1.04 USD/lb. The prices of LDPE general purpose went from 2246 EUR/MT in April 2022 to 1893 EUR/MT in June 2022. The prices for LDPE film went from 2225 EUR/MT in April 2022 to 1893 EUR/MT in June 2022. In line with its Asian counterpart, the price trends of LDPE remained towards the weaker end amid weak demands and tightened supply. In the Indian domestic arena, they were in the range of 1650-1710 USD/MT. In the Chinese market, per ton price of LDPE film averaged 1470-1510 USD.
Towards the start of this quarter, LDPE prices averaged 1210-1220 USD/MT CFR Far East Asia and 1240-1280 USD/MT CFR South Asia. The falling prices of feedstock ethylene and muted off-season demand from the downstream polyester and plastic sectors caused the LDPE market to crash in Asia. The soaring prices of crude oil hampered the growth of the Asian petrochemical industry. Get the latest insights on price movement and trend analysis of Low-Density Polyethylene (LDPE) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
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