Product
LLDPE Price Trend and Forecast
LLDPE Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of LLDPE in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Due to supply shortages brought on by the Chinese government's strict COVID-19 protocols, which forced a significant amount of production units to shut down and delayed container transit into and out of crucial container terminals like Ningbo and Shanghai, prices for LLDPE in China increased. Manufacturers like SABIC, RIL, and ONGC Petro additions Ltd. Raised their prices in the latter half of January. RIL further increased the contracts by 9500 INR/MT in February.
The price trends for Linear Low-Density Polyethylene (LLDPE) fluctuated in the Asia-Pacific region during the second quarter of 2022.LLDPE prices rose in China in April before falling in May and picking up again in June. LLDPE Film Extrusion Grade's market value at FOB Shanghai went from 1410 USD/MT in May to 1440 USD/MT in June 2022.
Europe
The disruption of natural gas supplies during the first part of the quarter put a tremendous amount of pressure on European LLDPE production during the quarter ending in March.
The average price for standard linear low-density polyethylene (LLDPE) film in northwest Europe averaged roughly 2000 Euro/MT. The constant increase in oil prices and robust downstream demand from the packaging and film industries were two major drivers of LLDPE price growth in the second quarter. As a result, the cost of LLDPE Film FD Hamburg constructed rose from USD 1870/MT in April to USD 1925/MT in June, a 2.9% increase.
North America
The first quarter of 2022 saw a supply shock in the feedstock ethylene market (required for the production of linear low-density polyethylene )as the largest refinery in the area at ExxonMobil's Baytown facility in Texas caught fire in the final week of December 2021. By the second week of February, demand had significantly increased, prompting large domestic producers including ExxonMobil, Lyondell Basel, and Dow Chemicals to plan a cost-push of 0.07 USD/lb.
During the second quarter of 2022, LLDPE prices displayed conflicting feelings, supported by shifting supply and demand dynamics. LLDPE's market value started to incline in April, and from then until June, the pricing pattern was stable to slightly falling. LLDPE Film Butene-based Grade FOB (Spot) Nevada's assessed value was 2015 USD/MT in April before declining to 2009 USD/MT in June.
Analyst Insight
According to Procurement Resource, the prices of LLDPE are anticipated to slump significantly. The major reason behind the crashing prices would be the debilitating prices of Ethylene and the doomed costs of upstream processes, where LLDPE gets a substantial launchpad to keep the prices affirmed. Moreover, the end-user industry is expected to ditch the LLDPE prices amidst copious supplies and bearish sentiments.
Procurement Resource provides latest prices of LLDPE. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
LLDPE is a linear polymer of polyethene with low levels of branching. It is formed by the copolymerization of ethylene with long-chained olefins like hexene or octene. LDPE (Low-density polyethene) is often recycled to create LLDPE. Owing to its high tensile strength, high impact resistance and excellent flexibility, it has a wide range of industrial applications.
Product Details
| Report Features | Details |
| Product Name | LLDPE |
| HS CODE | 390110 |
| CAS Number | 25087-34-7 |
| Industrial Uses | Pond Liners, Plastic Sheeting, Geomembranes, Flexible Tubules, Flooring |
| Synonyms | Linear Low-Density Polyethene |
| Supplier Database | Exxon Mobil, The Dow Chemical Company, Chevron Phillips Chemical Company LLC, MMC chemicals, Westlake Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of LLDPE from Copolymerization
Three major types of low-pressure technologies are employed for LLDPE production: slurry, solution, and gas-phase processes. LLDPE is made by copolymerization of ethylene with alpha-olefins using Ziegler-Natta catalysts. Usually, octene is used as the comonomer in the gaseous phase, while butene or hexene is used in the gaseous phase copolymerization.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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