This week, LLDPE spot prices firmed in the European region.
A European industry source while requesting to remain unidentified informed a Polymerupdate team member, “Although trading activity turned sluggish amid the ongoing seasonal summer lull with most market participants staying away from business activities, prices gained owing to supply constraints. Current pricing trends are chiefly being determined by supply-side factors with Europe experiencing reduced import shipment inflows. Market observers anticipate a fall in import volumes towards September end while a few August price settlements were heard over the past week in the contractual market."
In the spot markets, LLDPE prices were assessed at the Euro 1165-1175/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 1600-1605/mt FD NWE Germany and FD NWE France levels, both steady from last week. LLDPE grade prices were assessed at the Euro 1600-1605/mt FD NWE Italy levels, stable from the previous week. Meanwhile, LLDPE grade prices were assessed at the GBP 1370-1375/mt FD NWE UK levels, down GBP (-5/mt) from the previous week.
FCA Antwerp LLDPE film prices were assessed at the Euro 1150-1180/mt levels, up Euro (+20/mt) from last week.
Ethylene spot prices on Thursday were assessed at the Euro 810-820/mt FD North West Europe levels, a rise of Euro (+10/mt) from the previous week.
European ethylene feedstock contract price for August 2024 settled at the Euro 1240/MT FD North West Europe levels. This price represents a rise of Euro (+20/mt) from its July 2024 settlement levels.
