High Density Polyethylene (HDPE) Prices

High Density Polyethylene (HDPE) Prices June 2024

During the second quarter of 2024, the high density polyethylene (HDPE) prices in Mexico saw a drop due to affordable imports from North America. Although the steady cost of feedstock and sufficient stock contributed to diminishing rates, seasonal demand spikes, and hiked shipping costs had limited impact. The quarter ended with HDPE at 1314 USD/MT in June.

The HDPE market in Japan saw significant price hikes in Q2 2024, driven by higher shipping costs, a rise in rates of crude oil, and supply issues caused by factory maintenance. Demand from key sectors supported this trend, with HDPE ending at 1042 USD/MT in June, reflecting strong market fundamentals.

During the second quarter, the HDPE market in the UK faced a sharp price decrease due to an oversupply and low demand across the automotive and construction industries. High logistics costs and ample imports exacerbated the downturn, with HDPE prices falling to 1285 USD/MT by quarter-end.

Saudi Arabia’s HDPE market saw a reduction in price in Q2 2024, with a rebound in June. Factors like improvements in the cost of feedstock along with supply chain disturbances, especially along the Red Sea influenced the market. Despite a small hike in freight rates, prices ended at 1094 USD/MT in June.

Brazil witnessed a price drop in Q2 2024, influenced by cheap imports and steady costs of feedstock. High stock levels and contained consumption across key sectors reinforced the downward trend, with the price for HDPE standing at 1281 USD/MT by the end of the quarter.

High Density Polyethylene (HDPE) Prices December 2023

The HDPE prices in the United States for Q4 2023 reached 1230 USD/MT (HDPE Blow Moulding Grade) in December. During this quarter, HDPE prices in the USA grew initially due to high ethylene costs and robust interest from the automotive, packaging and construction sectors. By the end of the quarter, however, declining naphtha and crude oil prices, alongside weaker international demand from Asia, caused a market downturn.

The price trend for HDPE in Japan for Q4 2023, reached 954 USD/MT (HDPE Blow Moulding Grade) USD/MT in December. The market prices fluctuated in this quarter. Early in the quarter, prices fell due to slow domestic demand and lower import costs. However, a tightening supply from maintenance of refineries in the Middle East led to an elevation in prices, especially for light-grade HDPE.

The price trend for HDPE in United Kingdom for Q4 2023, reached 1238 USD/MT (HDPE Injection) in December. The market faced declining prices throughout the last quarter of the same year, except for a brief rise in October due to limited imports. High production costs combined with low demand from packaging and construction sectors resulted in a steady decrease in HDPE prices toward the end of the quarter.

The price trend for HDPE in UAE for Q4 2023, reached 1048 USD/MT (HDPE Injection Molding) USD/MT in December. The market experienced an initial price increase in Q4 2023, due to strong demand from packaging and construction sectors. However, by the end of the quarter, falling crude oil and ethylene prices, coupled with inflationary pressures, led to a slight decrease in HDPE prices.

The price trend for HDPE in Brazil for Q4 2023, reached 1068 USD/MT (HDPE Blow Moulding Grade) in December. The prices remained low during Q4 2023 due to weak interest from the construction and automotive industries and reduced ethylene costs. As economic activity slowed and manufacturing contracted, companies focused on managing existing inventories, contributing to a bearish market outlook for HDPE.

Regional Coverage

The report provides a detailed analysis of the high density polyethylene (HDPE) 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 high density polyethylene (HDPE) price trend.

Global High Density Polyethylene (HDPE) Price

The report offers a holistic view of the global high density polyethylene (HDPE) pricing trends in the form of high density polyethylene (HDPE) 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 high density polyethylene (HDPE) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into high density polyethylene (HDPE) 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 high density polyethylene (HDPE) 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 High Density Polyethylene (HDPE) Price

Q2 2024:

Europe faced significant price drops in Q2 2024 driven by excess supply and weak demand, particularly in the construction and automotive industries. Although Ethylene rates remained steady, an influx of imports, along with increased shipping expenses along with delays caused by diversions, escalated market stress. The UK experienced price modifications, showing the overall trend of oversupply and muted demand across the region. The quarter ended with substantial price reductions, emphasizing a tough market climate characterized by ongoing supply-demand mismatches and economic pressures.

Q1 2024:

HDPE prices across the European region rose during Q1 2024, influenced by various factors, like rising shipping costs, supply chain interruptions, and logistical challenges, particularly around the Red Sea. This caused delays and restricted supply, affecting product accessibility and driving prices higher. In the UK, prices surged due to broader European trends, reflecting a rise from the previous quarter, signaling an optimistic pricing landscape. Although prices remain lower than the same period last year, recent stability and increases suggest an improving market outlook.

Q4 2023:

In Q4 2023, the market faced a downward trend after a brief uptick in October, driven by less imports from the Middle East and Asia. The European producers grappled with high production costs amidst low demand, leading to profitability concerns. As demand from the packaging and construction sectors weakened, prices began to decline, particularly in the UK. By the end of the quarter, three primary factors impacted the market: weak economic conditions, abundant supply, and subdued downstream demand.

This analysis can be extended to include detailed high density polyethylene (HDPE) price information for a comprehensive list of countries.

North America High Density Polyethylene (HDPE) Price

Q2 2024:

The North American HDPE market saw a persistent fall in costs, briefly reversing in June. This trend was largely driven by the availability of cheaper imported materials, pressuring market rates in the region. Although the cost of feedstock like Naphtha and Ethylene remained stable, high inventory levels prompted traders to keep the prices low. Additionally, diminished consumption across key sectors like packaging and construction failed to assimilate the surplus, further driving prices down. Despite a seasonal increase in demand during summer, the market remained under pressure until a slight rebound occurred at the quarter's end.

Q1 2024:

HDPE market prices rose sharply in North America, driven by strong consumption across sectors like packaging and construction. Supply chain interruptions and logistical issues, particularly in shipping, have further strained the market, pushing prices upward. Additionally, the rising cost of imported Ethylene has significantly impacted HDPE production costs. Mexico, in particular, experienced significant price fluctuations due to import costs from the USA, coupled with stable local demand, leading to a marked price increase.

Q4 2023:

During Q4 2023, HDPE prices were variable, initially rising in October due to increased prices for feedstock ethylene and strong requirement from downstream sectors. However, the market faced a downturn toward the end of the quarter, influenced by falling upstream Crude oil and Naphtha prices. While local demand remained stable, export interest from traders in Asia diminished. Meanwhile, inquiries from Latin America and Europe persisted in reduced volumes. The market was also affected by logistical disruptions, such as the reduced levels of water in the Panama Canal, which restricted shipping capacities.

Specific high density polyethylene (HDPE) historical data within the United States and Canada can also be provided.

Middle East and Africa High Density Polyethylene (HDPE) Price

Q2 2024:

HDPE prices generally fell during Q2 2024 in the Middle East and Africa (MEA) region, recovering slightly in June. Contributing factors included volatile crude oil rates, lower Ethylene costs, and weakened demand from the packaging and construction industries. Geopolitical disagreements and supply chain disturbances across the Red Sea led to higher shipping costs. The UAE experienced the region's most significant price fluctuations, with a late-quarter surge driven by rising freight costs and port jams, highlighting a turbulent pricing landscape.

Q1 2024:

HDPE prices in the MEA region rose steadily after a brief dip in January. Key drivers included increased prices for feedstock like Ethylene and Naphtha, robust market conditions across the globe, and consistent consumption across the construction and packaging industries. The region experienced a notable price rise over the same period last year, alongside a surge from the last quarter. The UAE saw a significant price hike by the quarter’s end, reflecting robust demand and continued growth in the next few months.

Q4 2023:

In Q4 2023, the market in the Middle East showed an initial price rise, influenced by strong demand from packaging and construction sectors, despite declining prices of ethylene and Naphtha. However, inflationary pressures and weak domestic market demand led to a slight price decrease toward the quarter's end. The market remained relatively stable, with stable supply from domestic and international sources. Additionally, lower Crude oil prices reduced production costs, while softer demand from European and Asian markets added to the decline in HDPE prices.

In addition to region-wise data, information on high density polyethylene (HDPE) prices for countries can also be provided.

Asia Pacific High Density Polyethylene (HDPE) Price

Q2 2024:

The APAC HDPE market saw a notable hike in price in Q2 2024 due to rising crude oil prices, supply chain disruptions, and higher freight costs. Regardless of stable Ethylene cost, strong consumption across key industries like automotive and construction maintained a positive outlook. Logistical issues, including shortages in containers and ship congestion, tightened supply further. In Japan, seasonal buying and heightened manufacturing drove steady price growth. The quarter ended with robust demand and continued supply challenges, sustaining a bullish market trend.

Q1 2024:

The Asia-Pacific region saw a general hike in HDPE prices during Q1 2024, except for China, where prices fluctuated. Rising costs of Ethylene and Naphtha were the primary drivers of this trend. Additionally, unstable crude oil rates owing to geopolitical conflicts and potential manufacturing cuts added pressure. By the quarter's end, demand in China picked up, particularly in the automotive and construction sectors, despite a February slump. In Japan, HDPE prices rose due to infrastructure growth, consistent consumer demand, and a better economic landscape, reflecting overall regional price gains.

Q4 2023:

In Q4 of 2023, the market experienced mixed trends. Initially, markets in India and China showed a downturn, while South Korea, Singapore, and Japan saw price drops due to reduced domestic demand and lower costs for imported materials. Japan's HDPE prices were notably affected by a reduced supply of light grades and limited trade inflows, causing a price increase. By December, India and China saw a recovery, however the overall market was pressured by fluctuating Ethylene costs and weaker Crude oil prices, impacting production costs and influencing market dynamics.

This high density polyethylene (HDPE) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America High Density Polyethylene (HDPE) Price

Q4 2023:

In the fourth quarter of 2023, Latin America's HDPE market saw prices decline, influenced by weak domestic demand and lower feedstock Ethylene costs. The market's bearish tone was further shaped by declining prices of crude oil and naphtha, reducing production costs. Also, the reasonable prices of imports from the USA pressured local prices. As the year ended, the manufacturing sector of Brazil continued to contract, reducing new orders and production, and thus, limiting input purchases. The overall decrease in economic activity led to a further drop in HDPE prices as companies focused on using existing inventories rather than adding new stock.

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

High Density Polyethylene (HDPE) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “High Density Polyethylene (HDPE) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of high density polyethylene (HDPE) 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 high density polyethylene (HDPE) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of high density polyethylene (HDPE) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing high density polyethylene (HDPE) 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.

High Density Polyethylene (HDPE) Market Analysis

The global high density polyethylene (HDPE) industry size reached US$ 81.3 Billion in 2023​. By 2032​, IMARC Group expects the market to reach US$ 113.7 Billion, at a projected CAGR of 3.7% during 2023-2032.

• The increasing focus on sustainability is catalyzing the demand for HDPE as it is recyclable and can be remodeled for various applications, aligning with environmental goals.
• The growing infrastructure projects across the globe, mainly in construction, water management, and transportation, are driving the demand for HDPE in pipes, sheets, and other products.
• According to IMARC Group’s report, the global food packaging market size reached US$ 385.1 Billion in 2023 and is expected to reach US$ 611.6 Billion by 2032. HDPE is gaining traction in the food packaging industry for providing protection to food products during transportation and storage.
• The increasing HDPE as a substitution of traditional materials like glass, metal, and wood in the automotive, agriculture, and consumer goods industries due to its cost-effectiveness and performance advantages is impelling the market growth.
• The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization and population growth is driving the demand for HDPE products in urban infrastructure and waste management, mainly in developing countries.
• Ongoing research and development (R&D) activities are leading to the innovations of new grades and applications of HDPE, expanding its market potential while driving innovations.
• Supportive regulations and standards promoting the utilization of HDPE in multiple applications are contributing to the growth of the market for ensuring compliance and safety.
• As per IMARC group’s, the global biodegradable packaging market is expected to reach US$ 166.2 Billion by 2032. The growing awareness among individuals about sustainable and eco-friendly packaging materials is positively influencing the HDPE packaging market.
• The rising employment of HDPE for manufacturing medical devices, laboratory equipment, and packaging materials, as its biocompatibility, chemical resistance, and sterilizability can meet the stringent requirements of medical applications is supporting the market growth.

High Density Polyethylene (HDPE) News

The report covers the latest developments, updates, and trends impacting the global high density polyethylene (HDPE) industry, 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 high density polyethylene (HDPE) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the high density polyethylene (HDPE) price trend.

Latest developments in the high density polyethylene (HDPE) industry:

• March 2024: LyondellBasell, a leading polyolefin technology licensor, has licensed its Spheripol polypropylene and Hostalen ACP high-density polyethylene (HDPE) technologies to Inner Mongolia Rongxin Co., Ltd. for a new 500 KTA PP plant and 400 KTA HDPE plant in China. The Hostalen ACP technology produces high-performance, multi-modal HDPE resins with improved stiffness, toughness, and impact resistance for applications like pressure pipe, film, and blow molding.
• In 2024, ISCO announced that they have agreed to acquire substantially all of the assets of Infinity Plastics, a top manufacturer of fabricated HDPE piping products.

Product Description

High-density polyethylene (HDPE) is a plastic known for its high strength-to-density ratio and resistance to various solvents, which makes it suitable for multiple ranges of applications. It is mainly valued for its durability, flexibility, and recyclability. It can resist harsh environmental conditions like temperature variations and exposure to chemicals. Furthermore, it is highly flexible and can be easily molded into multiple shapes, allowing customization in the process.

HDPE is resistant to corrosion from chemicals and moisture, making it a preferred material for piping systems that can be used in applications, such as water distribution, sewage, and gas transportation. It is widely employed in agriculture irrigation systems for transporting water to fields. It is also utilized in the manufacturing of toys, playground equipment, and recreational goods owing to its safety and durability to weathering and ultraviolet (UV) radiation. Besides this, it assists in manufacturing packaging products like containers, jars, and bottles, as its lightweight nature makes it ideal for storage of various liquids, including beverages and personal care products.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of high density polyethylene (HDPE) 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 high density polyethylene (HDPE) 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 high density polyethylene (HDPE) price charts ensure our clients remain at the forefront of the industry.