This week, LLDPE spot prices declined, while contract prices were assessed steady in the European region.
An industry source in Europe informed a Polymerupdate team member, "European spot LLDPE prices maintained a persistent downtrend on the back of subdued demand sentiment. Participants have been struggling with weak demand, with the struggle to offload material mounting in a weak market environment. Market observers point to a general tendency towards assuming a cautious stance in the midst of continuing economic headwinds, even as activity shows no significant signs of picking up. While the current tepid environment has pushed most sellers to lower their pricing targets for September, buyers are prioritizing fulfilment of prompt restocking requirements."
In the spot markets, LLDPE prices were assessed at the Euro 1015-1025/mt FD Northwest Europe levels, down Euro (-20/mt) from the previous 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 stable from last week. LLDPE grade prices were assessed at the Euro 1600-1605/mt FD NWE Italy levels, unchanged week on week. Meanwhile, LLDPE grade prices were assessed at the GBP 1330-1335/mt FD NWE UK levels, left unchanged from the previous week.
FCA Antwerp LLDPE film prices were assessed at the Euro 1000-1030/mt levels, a fall of Euro (-20/mt) week on week.
Ethylene spot prices on Thursday were assessed at the Euro 780-790/mt FD North West Europe levels, a drop of Euro (-10/mt) from last week.
European ethylene feedstock contract price for November 2024 settled at the Euro 1212.50/MT FD North West Europe levels. This price represents a sharp gain of Euro (+30/mt) from its October 2024 settlement levels.
