Low Demand and Extra Supply Impact European HDPE Market

Key Takeaways:

• PP and HDPE Prices: Slight decline noticed in PP Raffia, Lamination, and LLDPE prices while LDPE and HDPE prices are stable across various grades.
• European HDPE Market: Supply excess continues, with demand remaining weak due to ample import volumes and low purchasing trend.
• Industry News: Key shutdowns of vinyl chloride and butyl acrylate plants in China could impact supply chains.

Polymer Price Movements: Latest Trends and Adjustments

• PP Raffia (-1)Rs91/kg levels Ex Godown.
• PP film Rs.100 kg levels Ex Godown
• PPCP Rs.99/kg levels Ex Godown.
• PP Lamination(-1) 101 /kg levels Ex Godown
• LLDPE(-1) Rs.86.5/kg Ex Mundra/Bhiwandi.
• LDPE prices are around(±0) Rs.116kg Ex Mundra/Bhiwandi.
• HDPE PE100 natural (±0) Rs.90/kg Ex Mundra/Bhiwandi.
• HDPE PE100 black (±0) Rs.91/kg Ex Mundra/Bhiwandi.
• HDPE HM (±0) Rs.90/kg Ex Mundra/Bhiwandi.
• HD Blow Molding(±0) Rs.91/kg Ex Mundra/Bhiwandi
• Low K (P700) Rs 80.50 Ex Nhava Sheva/Mundra
• Low K (B57) Rs 85.00 Ex Nhava Sheva/Mundra
• LG LS100H Rs 76.25 Ex Mundra/Bhiwandi

Polymer Supply and Demand Overview: HDPE Market Dynamics

• HDPE prices in Europe have fallen. The market for HDPE in this region is struggling due to low demand and slow purchasing activity. Although prices are more stable than last year’s sharp decline, consumer interest has remained weak throughout this year, with little chance of improvement before year-end.
• There’s also an oversupply of imported HDPE in the European market, causing an excess of available stock. Demand from industries that use HDPE has been steadily dropping, and many in the market doubt that end-user demand will improve anytime soon.

Polymer Industry News: Plant Maintenance Affecting Supply

• Naphtha Prices opened lower at US$ 640/- Per MT in Europe.
• Shanghai Chloro-Alkali (SCA) has shut its Vinyl Chloride Monomer (VCM) Unit due to technical issues. The Unit is located in Caojing, China.
• Taixing Jinjiang has shut its Butyl Acrylate (Butyl-A) Plant on 23rd October, 2024. The Plant is located in Taixing, Jiangsu, China.
• Jinneng Science and Technology has restarted its No.1 Polypropylene (PP) Line, which was shut on 21st October, 2024 for maintenance work. The Line is located in Qingdao, China.

Polymer Market Forecast: October’s Import Outlook and Buyer Sentiment

• In spite of some domestic overhauls, HDPE material was available in adequate quantities due to inflows of import cargoes. October is likely to see the influx of competitively-priced import shipments, with prices anticipated to be in the same range as September levels. Spot trading momentum experienced a slowdown, a sign of weak demand sentiment with buyers opting to make need-based purchases and focusing their attention on the months ahead.