Linear Low-Density Polyethylene (LLDPE) Prices

LLDPE Prices June 2024

The LLDPE prices in the United States for Q2 2024 reached 1160 USD/MT in June. The region experienced a clear downward pricing trend driven by oversupply and reduced demand from sectors like construction and automotive. Despite the summer construction season, logistical challenges and high inventory levels added to a consistent bearish outlook, influenced by external economic factors.

The price trend for LLDPE in Japan for Q2 2024 settled at 1130 USD/MT in June. The market saw rising prices driven by steady demand in construction and automotive industries, coupled with supply constraints due to logistical issues and plant maintenance. Moreover, elevated energy and freight costs contributed to the price hike, showcasing the region’s pressured market conditions.

In Germany, the LLDPE prices for Q2 2024 reached 1465 USD/MT in June. The market faced significant price declines amidst high inventory levels and weakened demand from construction and automotive sectors. The seasonality effect and global export pressures further intensified the downward trend, with economic uncertainties adding to the market's bearish sentiment.

The price trend for LLDPE in Saudi Arabia for Q2 2024 settled at 1045 USD/MT in June. The market experienced a fluctuating price pattern. While prices initially dropped, a rebound occurred in June due to increased freight rates and regional disruptions in the sea routes, reflecting supply chain challenges that influenced market stability and pricing trends.

In Brazil, the LLDPE prices for Q2 2024 reached 1255 USD/MT in June. The market was marked by price declines due to oversupply and sluggish demand in key sectors like construction and automotive. Furthermore, logistical issues and elevated inventory levels kept pressure on the market, maintaining a bearish sentiment throughout the quarter.

LLDPE Prices December 2023

The LLDPE prices in the United States for Q4 2023 reached 1108 USD/MT in December. The prices rose initially due to strong demand from packaging, automotive and construction sectors coupled with increased prices for ethylene. However, by the end of the quarter, prices declined, driven by lower crude oil and naphtha prices and reduced export demand, especially from Asian markets, despite steady domestic demand.

The price trend for LLDPE in Japan, for Q4 2023, reached 1106 USD/MT in December. The market saw significant price fluctuations in Q4 2023, initially increasing due to supply constraints from Middle East refinery maintenance and fluctuating ethylene costs. However, prices adjusted downward as the quarter concluded, impacted by declining support from the cost side and softer crude oil prices.

The price trend for LLDPE in the United Kingdom, for Q4 2023, reached 1546 USD/MT in December. The market showed a brief price increase in October 2023, supported by limited imports and cost pressures. However, reduced demand from the construction and packaging sectors, coupled with a contraction in the housing market and increased input costs, led to a decline in prices by the end of the quarter.

In Saudi Arabia, the pricing for LLDPE market during Q4 2023 reached 889 USD/MT. The market saw initial price increase due to steady demand from construction and packaging sectors. By December, prices declined slightly due to reduced crude oil and ethylene costs. Geopolitical concerns and Red Sea supply disturbances added volatility, influencing the negative price trend toward the end of the year.

Regional Coverage

The report provides a detailed analysis of the LLDPE market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the LLDPE price trend.

Global LLDPE Price

The report offers a holistic view of the global LLDPE pricing trends in the form of LLDPE price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into LLDPE historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into LLDPE price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed LLDPE demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe LLDPE Price

Q2 2024:

Q2 2024 proved challenging for Europe’s LLDPE market, marked by continuous price declines. Weaker demand from key industries like construction and automotive, paired with high stock levels, created an oversupply scenario. Moreover, periodic disruptions, such as adverse weather in Germany, impacted logistics but did not offset the oversupply. Economic factors, including inflation and low consumer confidence, compounded these challenges. Additionally, Germany experienced significant fluctuations, with the market reflecting a downturn linked to seasonality and sluggish economic indicators. Furthermore, the market remained under strain from competitive global exports, particularly from the USA and the Middle East, adding to the region's struggles.

Q4 2023:

The European LLDPE market faced declining demand in Q4. In October, the market experienced a short-lived rise due to restricted imports from the Middle East and Asia. By November and December, weakened demand from construction and packaging sectors led to price reductions. The Eurozone’s construction industry, in Germany and France specifically, saw contractions, increasing input costs and pushing companies toward cost-reduction strategies. The housing sector also continued to struggle, exacerbating the overall downturn.

This analysis can be extended to include detailed LLDPE price information for a comprehensive list of countries.

North America LLDPE Price

Q2 2024:

Throughout the second quarter of 2024, the North American LLDPE market saw a downward trend in pricing. This shift was driven by an oversupply and reduced demand from major sectors like construction, automotive, and packaging. In addition, the high inventory levels, maintained production rates, and steady feedstock availability resulted in competitive pricing among suppliers. Fluctuations in crude oil prices and geopolitical tensions further contributed to market instability, impacting feedstock ethylene costs and pressuring prices. Moreover, in the USA, the most significant changes were observed, where logistical issues and the seasonality of the summer construction period did not improve demand, maintaining a bearish market environment.

Q4 2023:

In Q4 2023, the market in North America witnessed fluctuations, starting with an increase in October but ending lower by December. The rise was linked to strong demand from end use sectors like automotive, construction, and packaging, paired with rising prices for ethylene. Later, the decline was driven by a dip in the prices for crude oil and naphtha, along with weaker export demand, particularly from Asia. Though local demand held steady, lower export inquiries from traders in Asia and supply disturbances due to low Panama Canal water levels influenced the overall market dynamics.

Specific LLDPE historical data within the United States and Canada can also be provided.

Middle East and Africa LLDPE Price

Q2 2024:

In the MEA region, Q2 2024 LLDPE prices experienced fluctuations. April started with stable prices, which dropped in May but saw recovery by June. Factors such as easing ethylene costs and fluctuating crude oil prices played a role. Moreover, the packaging and construction industries showed weak demand, while geopolitical conflicts and disruptions in the sea route impacted supply dynamics. Although freight rates increased, the market maintained a balanced stance. Additionally, in Saudi Arabia, the trend was evident, with June marking a turnaround due to heightened freight rates and regional supply issues, influencing the broader market trajectory.

Q4 2023:

In Q4 2023, the Middle Eastern market experienced an early rise in prices driven by steady demand from construction and packaging sectors. However, a high inflation rate dampened domestic demand, and by December, prices fell due to lower costs of feedstock crude oil and ethylene. Supply chain disturbances in the Red Sea and geopolitical concerns added to market instability, causing prices to drop.

In addition to region-wise data, information on LLDPE prices for countries can also be provided.

Asia Pacific LLDPE Price

Q2 2024:

The Asia-Pacific LLDPE market in Q2 2024 showed an upward price trend, spurred by high prices of crude oil and increased freight costs, despite stable ethylene feedstock rates. Supply disruptions due to plant maintenance and container shortages added to the pressure. Moreover, the downstream sectors, particularly construction and automotive, experienced steady demand that further pushed prices up. Furthermore, in Japan, this trend was most noticeable, with price shifts amplified by seasonal demand and persistent logistical challenges. The latter part of the quarter was marked by cautious optimism as prices continued to climb, supported by sustained industrial activity and supply constraints.

Q4 2023:

During Q4 2023, the Asia Pacific LLDPE market witnessed mixed trends. While South Korea, Thailand, Japan, Singapore, and China saw price hikes in October, the trend reversed by the end of the quarter. India, however, showed a resurgence with rising prices. Factors including varied domestic demands, Middle East refinery maintenance, and fluctuating ethylene prices shaped these outcomes. Lower crude oil prices and reduced product support also contributed to the softening stance of the regional market.

This LLDPE price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America LLDPE Price

Q2 2024:

Q2 2024 in Latin America's LLDPE market was marked by declining prices due to an oversupply and lackluster demand from sectors like construction, automotive, and packaging. Steady production and sufficient feedstock created intense competition among suppliers. External economic factors, such as geopolitical tensions and unstable crude oil prices, influenced ethylene costs, putting further pressure on prices. In addition, Brazil, where the most pronounced shifts were seen, faced logistics hurdles and high stock levels. Despite entering the summer construction season, demand remained subdued, exacerbating the bearish market environment and maintaining downward momentum in pricing.

Q4 2023:

During Q4 2023, the market experienced an initial rise in October, influenced by higher demand from automotive and packaging sectors, along with inflated costs of ethylene. As the quarter progressed, prices fell due to decreased demand and lower ethylene costs. Weaker crude oil prices also eased production costs, contributing to the downward trend in the LLDPE market in Latin America by year-end.

This comprehensive review can be extended to include specific countries within the region.

LLDPE Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “LLDPE Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of LLDPE pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of LLDPE at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of LLDPE price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing LLDPE price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

LLDPE Market Analysis

The global LLDPE market size reached US$ 66.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 105 Billion, at a projected CAGR of 5.20% during 2023-2032.

• The growth of the LLDPE industry is also attributed to its application in the production of various consumer goods, such as toys, household items, and sporting goods.
• LLDPE is extensively used in the packaging industry for producing flexible films, bags, and containers due to its excellent strength, puncture resistance, and sealability. For instance, the packaging industry in India is expected to reach USD 204.81 billion by 2025, boosting the increased use of LLDPE in the near future.
• Moreover, the agriculture industry utilizes LLDPE films for greenhouse covers, mulching, silage storage, and crop protection owing to its durability, ultraviolet (UV) resistance, and ability to retain moisture.
• Furthermore, the LLDPE industry is showing an upward trajectory due to its utilization in automotive components such as bumpers, interior trim, and fuel tanks to impact resistance, lightweight nature, and withstand harsh environmental conditions.
• Additionally, LLDPE geomembranes find widespread use in construction applications, such as landfill liners, pond liners, and waterproofing membranes.
• The LLDPE demand is further amplified by its extensive use for insulation and jacketing of wires and cables in the electrical and telecommunication sectors, owing to its excellent electrical properties, moisture resistance, and mechanical strength.

LLDPE News

The report covers the latest developments, updates, and trends impacting the global LLDPE market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in LLDPE production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the LLDPE price trend.

Latest developments in the LLDPE industry:

• In March 2021, ExxonMobil Chemical Co. (EMCC) announced positive revision in the prices of various polyethylene resins. According to the latest release, High Density Polyethylene (HDPE) prices have been increased by about USD 198 per MT, whereas prices of low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) prices have been revised by USD 154 per MT.
• In June 2023, LyondellBasell and AFA Nord announced a joint venture to recycle flexible post-commercial secondary packaging scrap. The two companies will equally invest in LMF Nord GmbH to construct a mechanical recycling plant in northern Germany. The plant will convert linear Low-Density Polyethylene (LLDPE) and Low-Density Polyethylene (LDPE) into premium-grade recycled plastics that can be utilized in flexible packaging. Nord anticipates that the recently established recycling center will yield an impressive 26,000 tons of recycled LLDPE and LDPE annually.
• In July 2022, Dow announced that it is considering reviving an expansion project that would add 600,000 tonnes/year of linear low density polyethylene (LLDPE) on the US Gulf Coast. Under it, the company would expand the cracker’s ethylene capacity by 130,000 tonnes/year.

Product Description

Linear low-density polyethylene (LLDPE) is a thermoplastic polymer that is defined by its linear molecular structure and low density. It showcases excellent flexibility, durability, chemical resistance, and puncture resistance. LLDPE is produced by copolymerizing ethylene with alpha-olefins, which are engineered to offer precise mechanical and thermal characteristics.

LLDPE finds extensive use in various applications, including packaging, agricultural films, geomembranes, wire and cable insulation, automotive components, medical gadgets, and toys. It offers several advantages, such as high tensile strength, moisture barrier qualities, chemical resistance, impact strength, and processability. In addition, LLDPE is praised for its lightweight construction, cost-effectiveness, ease of fabrication, recyclability, and suitability for indoor and outdoor applications.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of LLDPE pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting LLDPE price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The LLDPE price charts ensure our clients remain at the forefront of the industry.