This week, Linear Low Density Polyethylene film grade prices in Asia were largely under pressure, with declines noted across Far East Asia, Southeast Asia, and key South Asian markets.
An industry source in Asia, on condition of anonymity, informed a Polymerupdate team member, "Sentiment across Asian LLDPE film markets has weakened this week amid easing geopolitical tensions and softer energy prices. Middle Eastern suppliers are expected to lower offer levels in the near term, although shipping activity through the Strait of Hormuz has yet to show a meaningful recovery, with operators remaining cautious ahead of further clarity on developments expected on June 19. Buyers in South Asia have stayed on the sidelines, reflecting subdued demand conditions. Broader weakness in upstream costs has also weighed on sentiment, with declines in feedstock prices and a sharp fall in LLDPE futures on the Dalian Commodity Exchange adding further pressure to the market.”
In Far East Asia, LLDPE Film grade prices were assessed at USD 1020 to 1100/mt CFR levels, easing, USD (-40/-50/mt) from last week.
In Southeast Asia, LLDPE Film grade prices were assessed at USD 1100 to 1200/mt CFR levels, declining, USD (-30/-50/mt) week on week.
In India, LLDPE Film grade prices were assessed at USD 1280 to 1330/mt CFR levels, slipping, USD (-20/mt) compared to the prior week.
In Pakistan, LLDPE Film grade prices were assessed at USD 1280 to 1350/mt CFR levels, edging lower, a fall of USD (NC/-10/mt) from the previous week.
In Sri Lanka, LLDPE Film grade prices were assessed at USD 1240 to 1300/mt CFR levels, softening, USD (-20/-50/mt) week on week.
In Bangladesh, LLDPE Film grade prices were assessed at USD 1280 to 1330/mt CFR levels, moving lower, USD (NC/-20/mt) from the previous week.
On the feedstock front, CFR Northeast Asia ethylene prices on Tuesday were assessed at USD 895-905/mt levels, registering a fall of USD (-30/mt) from last week.
This news synopsis and insights are generated using Polymerupdate’s advanced Artificial Intelligence (AI) systems, leveraging proprietary data, pricing benchmarks, and domain expertise. The content is intended for informational purposes only and does not represent the official views of Polymerupdate. Users are advised to conduct their own independent research before making any commercial or business decisions.
