Sharp Price Rises in European LLDPE Amid Supply Constraints; Maintenance Shutdowns Impact Global Markets
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LLDPE: (±0) Rs. 87/kg Ex Mundra/Bhiwandi. LDPE prices: (±0) Rs. 118/kg Ex Mundra/Bhiwandi. HDPE PE100 Natural: (±0) Rs. 92/kg Ex Mundra/Bhiwandi. HDPE PE100 Black: (±0) Rs. 93/kg Ex Mundra/Bhiwandi. HDPE HM: (±0) Rs. 92.5/kg Ex Mundra/Bhiwandi. HD Blow Molding: (±0) Rs. 91/kg Ex Mundra/Bhiwandi.
Price
- PP Raffia: (±0 Rs) 94/kg levels Ex-Godown.
- PP Film: Rs. 100/kg levels Ex-Godown.
- PP CP: (±0) Rs. 99.75/kg levels Ex-Godown.
- PP Lamination: (±0) Rs. 104.25/kg levels Ex-Godown.
- LLDPE: (±0) Rs. 87/kg Ex Mundra/Bhiwandi.
- LDPE prices: (±0) Rs. 118/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Natural: (±0) Rs. 92/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Black: (±0) Rs. 93/kg Ex Mundra/Bhiwandi.
- HDPE HM: (±0) Rs. 92.5/kg Ex Mundra/Bhiwandi.
- HD Blow Molding: (±0) Rs. 91/kg Ex Mundra/Bhiwandi.
- Low K (P700/TH700): (+0.5) Rs. 80.50 Ex Nhava Sheva/Mundra.
- LG LS100H: (+0.25) Rs. 75.75 Ex Mundra/Bhiwandi.
Demand and Supply
- LLDPE spot prices trended sharply higher in the European region. European Linear Low-Density Polyethylene (LLDPE) spot market prices gained due to supply constraints, with the availability of LLDPE grades declining across Europe.
- Reduced domestic output coupled with a decrease in import shipments from the US and Asia are key factors contributing to a tight supply situation across Europe.
News
- Wanhua Chemical is planning to shut its PDH Unit on 25th August 2024 for maintenance work. The unit is located in Yantai, Shandong, China.
- Wanhua Chemical Group aims to shut its Maleic Anhydride (MA) Plant on 26th August 2024 for maintenance work. The plant is located in Yantai, Shandong, China.
- Hanwha Solutions is planning to shut its 200,000 Tons/Year No.1 VCM Line on 25th September 2024 for planned maintenance work until 7th October 2024 in Yeosu, South Korea. The 270,000 Tons/Year VCM Plant, located in Ulsan, South Korea, will also undergo maintenance.
Expert's Opinion
- Global purchase prices are trending sharply upwards due to excessively higher freight rates. While import cargoes are likely to arrive towards the end of September, their volume is expected to be lower than previously shipped amounts. The overall trading momentum was sluggish, as most market players are unlikely to return from their holidays until the end of the month.
Daily Market Report
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