This week, LLDPE spot prices climbed in the European region.
A European industry source while requesting to remain unidentified informed a Polymerupdate team member, “The rise in European LLDPE spot prices stemmed from supply constraints resulting from reduced import volumes and curtailed domestic output. Market sentiment continues to remain bearish, with hardly any hope of a pickup in demand during a lean summer season. Converters are opting for prolonged outages, with some facilities taken off stream earlier than scheduled while others likely to remain shut beyond planned schedules.”
In the spot markets, LLDPE prices were assessed at the Euro 1115-1125/mt FD Northwest Europe levels, a gain of Euro (+20/mt) from last week.
In the contract markets, LLDPE grade prices were assessed at the Euro 1590-1595/mt FD NWE Germany and FD NWE France levels, both unchanged from last week. LLDPE grade prices were assessed at the Euro 1590-1595/mt FD NWE Italy levels, quoting flat week on week. Meanwhile, LLDPE grade prices were assessed at the GBP 1340-1345/mt FD NWE UK levels, a marginal fall of GBP (-5/mt) from the previous week.
FCA Antwerp LLDPE film prices were assessed at the Euro 1100-1130/mt levels, a rise of Euro (+20/mt) from last week.
Ethylene spot prices on Thursday were assessed at the Euro 755-765/mt FD North West Europe levels, an increase of Euro (+25/mt) from the previous week.
European ethylene feedstock contract price for July 2024 settled at the Euro 1220/MT FD North West Europe levels. This price represents a rollover from its June 2024 settlement levels.
