During the initial half of February xxxx, there was a significant increase in the prices of Linear Low-Density Polyethylene (LLDPE) observed both in Europe and the United States. This escalation predominantly stemmed from supply shortages and heightened market demand. In Europe, constrained supplies exacerbated by delayed cargo arrivals drove the price surge, while in the US, increased demand from sectors such as construction and packaging propelled LLDPE prices upward. Further, the escalating costs of feedstocks Ethylene, along with upstream Naphtha and Crude oil, significantly impacted production expenses for LLDPE in both regions, intensifying the upward pressure on prices. Furthermore, disturbances in crucial pathways such as the Panama Canal and the Red Sea also played a role in increasing market instability during this timeframe, exerting added pressure on pricing trends.
During this timeframe, the demand for LLDPE in the US market experienced a robust upward trend, resulting in...
