Ethylene prices continued to decline in both the USA and Germany in the second half of April xxxx due to weaker demand, more global supply than demand, and variable feedstock costs.
In the USA, ethylene prices suffered a notable downward shift in the third week of April, with prices settling at USD xxx/MT FOB US Gulf by April xx, representing a decrease of xx.xx. The downturn was generally precipitated by declining naphtha prices which reduced production costs, multi-market signals in downstream activity revealed stable prices for HDPE and LLDPE but lower prices for LDPE. However, participants remained cautious due economic uncertainty, along with a new U.S. tariff structure that added a xxx baseline tariff on imports regularly upon a country specific fee schedule which cluttered market confidence even more while adding to very ambivalent market bearishness.
In the fourth week of April,...
