This week, LDPE spot prices trended lower in the European region.
An industry source in Europe informed a Polymerupdate team member, “Trading momentum in the European LDPE spot market was consistently sluggish with most of the market participants anticipating a price change in June. Buyers have been deferring purchases of LDPE grades, expecting prices to trend on the lower side in June. The price fall is likely to be triggered by an anticipated decrease in feedstock ethylene rates, which have been under constant pressure owing to a decline in average naphtha cost throughout May. Meanwhile, the overall demand for LDPE grades has been subdued, in spite of limited material availability.”
In the spot markets, LDPE prices were assessed at the Euro 1175-1185/mt FD Northwest Europe mark, week on week down Euro (-10/mt).
In the contract markets, General Purpose LDPE grade prices were assessed at the Euro 1840-1845/mt FD NWE Germany and FD NWE Italy levels, both stable from last week. LDPE General Purpose grade prices were assessed at the Euro 1840-1845/mt FD NWE France levels, steady from the previous week. Meanwhile, LDPE grade prices were assessed at the GBP 1565-1570/mt FD NWE UK levels, unchanged week on week.
FCA Antwerp LDPE General Purpose film prices were assessed at the Euro 1160-1180/mt levels, a fall of Euro (-10/mt) from last week.
Ethylene spot prices on Thursday were assessed at the Euro 720-730/mt FD North West Europe levels, a drop of Euro (-20/mt) from the previous week.
European ethylene feedstock contract price for May 2024 settled at the Euro 1250/MT FD North West Europe levels. This price represents a drop of Euro 10/mt from its April 2024 settlement levels.
