The US Linear Low-density Polyethylene (LLDPE) market witnessed a surge in buying activities in January xxxx, driven by heightened consumer demand. Market participants observed a notable increase in LLDPE transactions, with buyers showing increased interest and readiness to make purchases in the new year. The surge in LLDPE prices during this period was linked to supply chain disruptions caused by the Arctic Blast, which brought freezing temperatures to the US, as well as disturbances in the Panama Canal and Suez Canal. Additionally, the upward trajectory of upstream Crude oil prices played a role in influencing production costs, particularly affecting the costs of feedstock Ethylene. This rise in production expenses put pressure on LLDPE prices, contributing to the overall trend of escalating costs in the LLDPE market. Furthermore, robust demand from downstream packaging and construction industries was observed in both domestic and overseas markets, particularly in Asia. These factors...
