High Density Polyethylene (HDPE) CFR South Asia Price Forecast

Note:

Polymer prices, at the start of the first week of April 2020, have witnessed an unprecedented collapse. The steep price fall was prompted by bearish upstream energy and feedstock values, coupled with continued sluggish buying sentiments across the Asian region, owing to growing fears and the impact from the widespread deadly coronavirus.

The price crash was dramatic, forcing the polymer market into a chasm or extreme chaos. While price forecasts of certain grades of PP & HDPE were out of range by USD 10-20, Polymerupdate price forecasts developed by Machine learning and Artificial Intelligence algorithms have largely been accurate in predicting a sharp plunge in prices during Week-1 of April 2020.

Disclaimer:

The Polymer Price Forecasting tool has been created for information purposes only, as a possible forward view of future polymer prices. The pricing forecasts presented are based on data obtained from our in-house Polymerupdate Data Analytics Cell, by diluting all the proprietary data the company has assiduously gathered over the past 20 years of being in the business of market intelligence.

Polymer prices have historically been subject to significant crude oil price volatility and geopolitical uncertainty. The forecasts generated by Polymerupdate are based on an informed interpretation of the available data with the use of Machine Learning and Artificial Intelligence algorithms and while these forecasts are considered reasonable, as of the date of the pricing schedule, there is a high degree of uncertainty associated with any commodity forecasting and users of this information should recognize that future revisions to the forecasts could be significant based on market fluctuations. There will usually be differences between forecasted prices and actual price results because events and circumstances frequently do not occur as expected.

While every effort has been made to ensure the accuracy in forecasting of polymer prices, no representation or warranty of any kind (whether expressed or implied) is given by Polymerupdate to the accuracy of the forecasted price. Polymerupdate accepts no liability of any kind and disclaims all responsibility for the consequences of any person acting or refraining from acting in reliance on this price forecast in whole or in part.