In the initial half of February xxxx, High-Density Polyethylene (HDPE) experienced an upward price trajectory across Europe and the United States, primarily driven by supply shortages and a surge in demand from the market. In Europe, the upswing in HDPE prices was mainly attributed to constrained supplies coupled with delayed cargo. Meanwhile, in the US, HDPE prices surged due to heightened demand from downstream industries such as construction and packaging. Further, the rising prices of feedstock Ethylene and upstream Naphtha and Crude oil have had a significant impact on the production costs of HDPE in both regions, contributing to the upward pressure on prices. Furthermore, supply disruptions in key transportation routes like the Panama Canal and the Red Sea have also played a role in influencing the pricing dynamics of the product, adding to the market volatility experienced during this period.
During this timeframe, the demand for...
