The High-Density Polyethylene (HDPE) market witnessed a declining trend across the Western markets particularly US and Europe in early March xxxx. The price trend was primarily driven by weak buying sentiments across the global market. The key downstream sectors including packaging, construction and automotive remained subdued in both the markets. Meanwhile the supply remained sufficient amid easing feedstocks ethylene costs.
Key Takeaways:
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The HDPE market in the U.S. and Europe saw a downward trend in early March xxxx due to weak demand and bearish market sentiment.
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Construction slowdown reduced product demand, while rising raw material costs due to import taxes on Mexico, Canada, and China increased expenses for builders.
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The European construction sector remained weak, with fewer new projects, impacting HDPE demand.
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Potential supply shortages in Europe could push HDPE prices higher.
In the U.S., HDPE demand is struggling as key industries face problems, leading to a price...
