LLDPE Prices December 2023
Product
|
Category |
Region |
Price |
LLDPE |
Chemical |
USA |
$1108 /MT (Film Butene-based Grade) |
LLDPE |
Chemical |
Japan |
$1106 /MT |
LLDPE |
Chemical |
UK |
$1546 /MT (Film Butene-based Grade) |
LLDPE |
Chemical |
Saudi Arabia |
$889 /MT (Film Grade) |
The price of LLDPE film butene-based grade in the United States for Q4 2023 reached 1108 USD/MT in December. The market in the United States witnessed an increase in the first month of the quarter while concluding with a depreciation by the quarter's end due to a decline in naphtha and crude oil prices.
The price trend for LLDPE in Japan reached 1106/MT in Q4 2023, driven by the tightened supply of grades that resulted from refinery maintenance activities in the Middle East and reduced trade inflows. This is also supported by rapid fluctuations in feedstock ethylene costs and operational adjustments because of a decrease in international crude oil prices.
In the United Kingdom (UK), LLDPE film butene-based grade was recorded at a low of USD 1546/MT by the end of Q4, influenced by weak demand and low demand recovery. The market is characterized by high input costs in construction companies and low demand for LLDPE.
Saudi Arabia’s LLDPE price trends witnessed fluctuations, characterized by an increase in the initial month, followed by a downturn and ultimately reaching a stabilized position by the end of the quarter. The Q4 2023 LLDPE price was quoted at USD 889/MT, with a slight decrease due to the rise of feedstock ethylene and crude oil costs.
LLDPE Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “LLDPE Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of LLDPE 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 LLDPE at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of LLDPE price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing LLDPE 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.
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LLDPE Market Analysis
The global LLDPE market size reached US$ 66.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 105 Billion, at a projected CAGR of 5.20% during 2023-2032.
- The growth of the LLDPE industry is also attributed to its application in the production of various consumer goods, such as toys, household items, and sporting goods.
- LLDPE is extensively used in the packaging industry for producing flexible films, bags, and containers due to its excellent strength, puncture resistance, and sealability. For instance, the packaging industry in India is expected to reach USD 204.81 billion by 2025, boosting the increased use of LLDPE in the near future.
- Moreover, the agriculture industry utilizes LLDPE films for greenhouse covers, mulching, silage storage, and crop protection owing to its durability, ultraviolet (UV) resistance, and ability to retain moisture.
- Furthermore, the LLDPE industry is showing an upward trajectory due to its utilization in automotive components such as bumpers, interior trim, and fuel tanks to impact resistance, lightweight nature, and withstand harsh environmental conditions.
- Additionally, LLDPE geomembranes find widespread use in construction applications, such as landfill liners, pond liners, and waterproofing membranes.
- The LLDPE demand is further amplified by its extensive use for insulation and jacketing of wires and cables in the electrical and telecommunication sectors, owing to its excellent electrical properties, moisture resistance, and mechanical strength.
LLDPE News
The report covers the latest developments, updates, and trends impacting the global LLDPE market, 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 LLDPE production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the LLDPE price trend.
Latest developments in the LLDPE industry:
- In March 2021, ExxonMobil Chemical Co. (EMCC) announced positive revision in the prices of various polyethylene resins. According to the latest release, High Density Polyethylene (HDPE) prices have been increased by about USD 198 per MT, whereas prices of low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) prices have been revised by USD 154 per MT.
- In June 2023, LyondellBasell and AFA Nord announced a joint venture to recycle flexible post-commercial secondary packaging scrap. The two companies will equally invest in LMF Nord GmbH to construct a mechanical recycling plant in northern Germany. The plant will convert linear Low-Density Polyethylene (LLDPE) and Low-Density Polyethylene (LDPE) into premium-grade recycled plastics that can be utilized in flexible packaging. Nord anticipates that the recently established recycling center will yield an impressive 26,000 tons of recycled LLDPE and LDPE annually.
- In July 2022, Dow announced that it is considering reviving an expansion project that would add 600,000 tonnes/year of linear low density polyethylene (LLDPE) on the US Gulf Coast. Under it, the company would expand the cracker’s ethylene capacity by 130,000 tonnes/year.
Product Description
Linear low-density polyethylene (LLDPE) is a thermoplastic polymer that is defined by its linear molecular structure and low density. It showcases excellent flexibility, durability, chemical resistance, and puncture resistance. LLDPE is produced by copolymerizing ethylene with alpha-olefins, which are engineered to offer precise mechanical and thermal characteristics.
LLDPE finds extensive use in various applications, including packaging, agricultural films, geomembranes, wire and cable insulation, automotive components, medical gadgets, and toys. It offers several advantages, such as high tensile strength, moisture barrier qualities, chemical resistance, impact strength, and processability. In addition, LLDPE is praised for its lightweight construction, cost-effectiveness, ease of fabrication, recyclability, and suitability for indoor and outdoor applications.
Regional Coverage
The report provides a detailed analysis of the LLDPE 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 LLDPE price trend.
Global LLDPE Price
The report offers a holistic view of the global LLDPE pricing trends in the form of LLDPE 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 current price of LLDPE but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into 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 LLDPE 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 LLDPE Price
In the last quarter of 2023, the European region experienced depreciating demand while briefly exhibiting an increase in October. The increase was witnessed in the European PE market due to scarce imports from Asia and the Middle East. However, the last two months of the quarter showcased a decline in price trends attributed to subdued demand in downstream packaging and construction industries.
This analysis can be extended to include detailed LLDPE price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America LLDPE Price
In North America, the LLDPE market observed a mixed performance in Q4 FY23. The quarter began with an upward pricing trend due to increased ethylene costs and strong demand from the construction, packaging, and automotive industries. However, pricing trends declined in the next two months as naphtha and crude oil prices declined and market demand remained low.
Specific LLDPE historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa LLDPE Price
In the fourth quarter of 2023, the Middle East and Africa (MEA) experienced pricing swings. In October, the market expanded due to strong demand in areas, like packaging and construction. However, the market declined at the end of the quarter due to higher feedstock ethylene and crude oil costs, increased geopolitical tensions in the area, and rising supply chain interruptions in the Red Sea.
In addition to region-wise data, information on LLDPE prices for countries can also be provided.
Region |
Countries Covered |
Middle East and Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific LLDPE Price
The LLDPE pricing in the Asia Pacific region experienced a varied trajectory, with some countries showing an inclination in October, followed by a decline by the quarter's end. Whereas, other regions witnessed an upward movement in the final month of the quarter due to an increase in the supply of grades for refinery maintenance activities and reduced trade inflows.
This LLDPE price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America LLDPE Price
The analysis of LLDPE prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
LLDPE |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, LLDPE Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of LLDPE 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 LLDPE 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 LLDPE price charts ensure our clients remain at the forefront of the industry.