In December xxxx, the Linear Low-Density Polyethylene (LLDPE) market experienced a depreciation in Western markets, particularly in the US and Europe. The weakening in prices can be primarily attributed to the global weak demand for LLDPE and the abundant availability of stock. The decrease in feedstock Ethylene and upstream Naphtha costs in the region has also played a role in pushing down the prices. Furthermore, various factors such as the holiday season, geopolitical tensions in the Middle East, supply chain disruptions caused by low water levels in the Panama Canal, and an attack by Houthi rebels affecting transportation in the Red Sea amid an economic slowdown, have collectively influenced market dynamics and contributed to the pricing fluctuations of LLDPE during this period. Thus, the price of LLDPE Film Butene-based FOB Texas(USA) fell by xx while the LLDPE Film FD Hamburg(Germany) declined by xx this month.
