This week, LDPE prices spiked in some parts of Asia, while they remained steady in Southeast Asia and India.
An industry source in Asia, on condition of anonymity, informed a Polymerupdate team member, "LDPE prices in Asia firmed as sellers maintained higher offer levels, despite resistance from buyers, which created a gap between bids and offers, limiting trade volumes. Easing tensions in the Middle East, including a two-week ceasefire between the U.S. and Iran, along with improved confidence around the Strait of Hormuz, led to a decline in crude oil prices, reducing upstream cost support and shifting market sentiment to bearish. Downstream buyers remained cautious, limiting purchases to immediate needs and securing materials at lower price levels. Additionally, the Indian government’s decision to cut import duties to zero on key petrochemicals, effective April 2, 2026, for three months, has further encouraged buying at reduced levels. Overall, trading activity remained weak, with most deals concluded through negotiations at softer prices.”
In Far East Asia, LDPE Film grade prices were assessed at USD 1420-1530/mt CFR levels, higher by USD (+30/mt) from the previous week.
In China, Middle Eastern producers have offered LDPE film grades in the range of USD 1600-1650/mt.
In Pakistan, LDPE Film grade prices were assessed at USD 1620-1700/mt CFR levels, a week-on-week surge of USD (+50/mt).
In Pakistan, a producer from the Middle East has offered LDPE film grades at USD 1830/mt levels.
In Sri Lanka, LDPE Film grade prices were assessed at USD 1700-1830/mt CFR levels, a spike of USD (+50/mt) from last week.
In Sri Lanka, an overseas producer has offered LDPE film grades at USD 1850/mt levels.
In Bangladesh, LDPE Film grade prices were assessed at USD 1700-1780/mt CFR levels, a steep gain of USD (+50/mt) from the previous week.
In Bangladesh, Middle Eastern producers have offered LDPE film grades in the range of USD 1750-1780/mt.
Meanwhile, in South East Asia, LDPE Film grade prices were assessed as steady at USD 1600-1790/mt CFR levels.
In Vietnam, a producer from the Middle East has offered LDPE film grades at USD 1880/mt levels.
In India, LDPE Film grade prices were assessed flat at USD 1680-1750/mt CFR levels.
A domestic industry source informed a Polymerupdate team member, "Reliance Industries Limited (RIL) has raised LDPE prices by Re.1/kg basic, with effect from April 7, 2026.”
In India, overseas producers have offered LDPE film grades in the range of USD 2050-2060/mt.
Ethylene feedstock prices were assessed flat at USD 1495–1505/mt CFR South East Asia levels. Meanwhile, CFR North East Asia ethylene prices were assessed at USD 1445–1455/mt levels, a week-on-week sharp drop of USD (-50/mt).
