This week, Spot HDPE Film and BM prices down adjusted, while other HDPE grade prices quoted flat in the European region.
An industry source in Europe informed a Polymerupdate team member, "A subdued sentiment was seen across the European HDPE market owing to weak demand and ample supplies. Though there was a slight dip in prices, market fundamentals exhibited minimal shift with consumer appetite for spot cargoes waning with the year drawing to a close. Converters were opting to hold limited inventories ahead of planned holiday outages in December. Meanwhile, domestic supply avails were deemed sufficient to cater to most market requirements, tempering the interest for import cargoes."
The source added, "Traders were seen taking active efforts in offloading material. While reports surfaced of competitive offers for US-origin HDPE material, extended transit times for cargo arrivals, with material expected to be shipped next year, lessened the appeal of these offers for buyers."
HDPE film grade prices were assessed at the Euro 1075-1085/mt FD North West Europe levels, a fall of Euro (-10/mt) from last week. HDPE BM grade prices were assessed at the Euro 1065-1075/mt FD North West Europe Levels, a week on week decline of Euro (-30/mt), while HDPE injection grade prices were assessed at the Euro 1035-1045/mt FD North West Europe levels, stable from last week.
In the contract markets, HDPE film grade prices were assessed at the Euro 1530-1535/mt FD NWE Germany and FD NWE Italy levels, both rolled over from last week. HDPE film grade prices were assessed at the Euro 1530-1535/mt FD NWE France levels, steady week on week. Meanwhile, HDPE film grade prices were assessed at the GBP 1275-1280/mt FD NWE UK levels, a rise of GBP (+5/mt) from the previous week.
In the contract markets, HDPE BM grade prices were assessed at the Euro 1510-1515/mt FD NWE Germany and FD NWE Italy levels, both steady week on week. HDPE BM grade prices were assessed at the Euro 1510-1515/mt FD NWE France levels, left unchanged from last week. Meanwhile, HDPE BM grade prices were assessed at the GBP 1255-1260/mt FD NWE UK levels, quoting flat from the previous week.
In the contract markets, HDPE injection grade prices were assessed at the Euro 1470-1475/mt FD NWE Germany and FD NWE Italy levels, both unchanged from the previous week. HDPE injection grade prices were assessed at the Euro 1470-1475/mt FD NWE France levels, stable week on week. Meanwhile, HDPE injection grade prices were assessed at the GBP 1225-1230/mt FD NWE UK levels, a rise of GBP (+5/mt) from last week.
FCA Antwerp HDPE film prices were assessed at the Euro 1060-1100/mt levels, a week on week rise of Euro (+10/mt). FCA Antwerp HDPE BM prices were assessed at the Euro 1050-1080/mt levels, a decline of Euro (+25/mt) from the previous week. Meanwhile, FCA Antwerp HDPE injection prices were assessed at the Euro 1020-1050/mt levels, left unchanged week on week.
Ethylene spot prices on Thursday were assessed at the Euro 765-775/mt FD North West Europe levels, a decrease of Euro (-15/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.
