European LDPE prices Surge amid Tight Supply while the China witnesses Stability

Key Takeaways:

• LDPE prices showed divergent trends across Chinese and European markets.
• In the last week of March ****, Chinese LDPE showed a stable trend amid moderate demand and sufficient supply.
• The European LDPE market showed signs of tight supply leading to a price surge.
• Demand from the downstream industries remained weak in both regions.

The Chinese LDPE market witnessed stability this week amid a balanced gap between supply and demand across the region. Further, steady imports from the US and Middle Eastern countries particularly Saudi Arabia and Qatar have maintained sufficient supplies in the region. Moreover, the supply pressures were also eased due to the plant shutdowns in the region which ensured adequate product availability. Further, concerns over the US tariffs have impacted the market sentiments.

The demand for LDPE was low in the region, especially in the packaging industry. In...