For the Quarter Ending December 2025
North America
• In North America, the m-LLDPE Price Index softened slightly during Q4 2025 but remained relatively stable compared with previous quarters, as recycled content and metallocene grades continued to find support in high-value film applications.
• The m-LLDPE Production Cost Trend saw moderate upward pressure in Q4 as ethylene feedstock costs climbed. However, seasonal ease in transportation costs and stable energy input prices tempered overall cost increases.
• The m-LLDPE Demand Outlook in North America remained positive overall, supported by growth in flexible packaging films, agricultural films, stretch and shrink wraps, and other recycled-content applications, as brand owners pursued sustainability targets that favor recycled or performance-enhanced LLDPE blends.
• The m-LLDPE Price Forecast for early 2026 points to range-bound to slightly firm pricing, as steady downstream offtake from packaging and industrial films offsets mild supply pressures and moderates volatility.
• The m-LLDPE Price Index softened in December 2025, reflecting a slight decrease in spot prices as end users completed year-end procurement and inventories improved, reducing the urgency for immediate replenishment.
Why did the price of m-LLDPE change in December 2025 in North America?
• In December 2025, the m-LLDPE Price Index decreased as buyers booked only essential volumes after fulfilling planned annual orders, easing immediate demand pressure.
• Stable production runs supported increased spot supply, which tempered spot pricing.
• Cautious downstream procurement ahead of year-end budgeting cycles further softened price expectations, contributing to milder spot pricing trends.
APAC
• In China, the mLLDPE Price Index fell by 3.49% quarter-over-quarter, reflecting weak downstream demand and oversupply.
• The average mLLDPE price for the quarter was approximately USD 1142.00/MT, reflecting muted purchasing activity.
• mLLDPE Spot Price traded within narrow weekly bands as sellers protected margins amid steady availability during October.
• mLLDPE Price Forecast models indicate modest near-term downward adjustments before seasonal demand moderates recovery expectations across regions.
• mLLDPE Production Cost Trend eased as ethylene feedstock softened, giving limited cost relief to domestic producers.
• mLLDPE Demand Outlook remains weak as agricultural and packaging film buyers maintain hand-to-mouth procurement patterns currently.
• mLLDPE Price Index movements reflected inventory accumulation and weak export enquiries, despite some production curtailments, notably recently also.
• Logistics normalization improved barge traffic and eased freight pressures, keeping mLLDPE offers relatively stable levels within China markets.
Why did the price of mLLDPE change in December 2025 in APAC?
• Maintenance turnarounds trimmed metallocene output while Huizhou ramp-up supplied incremental volumes, softening net supply constraints.
• Seasonal post-ecommerce slowdown left converters buying hand-to-mouth, reducing immediate demand and pressuring spot valuations downward.
• Ethylene feedstock softened, lowering production costs, but inventories and export enquiries kept bearish price momentum.
Europe
• In Europe, the m-LLDPE Price Index edged slightly lower over Q4 2025, reflecting subdued downstream activity and ample resin availability across key markets such as Germany and France.
• The m-LLDPE Production Cost Trend was broadly stable, as ethylene feedstock costs remained soft and plant operating rates were steady, limiting cost-push pressure.
• The m-LLDPE Demand Outlook in Europe was cautious, with key downstream uses such as flexible packaging films, agricultural wraps, and industrial films facing slower procurement and inventory destocking amid macroeconomic uncertainty and weaker packaging orders.
• The m-LLDPE Price Forecast for early 2026 suggests range-bound to slightly bearish movement, as high inventory levels and continued moderate demand from flexible film segments are likely to suppress significant price rebounds.
• The m-LLDPE Price Index recorded slight quarterly declines as ample supply and cautious buying limited price strength, even as sustainability mandates supported baseline demand for recycled and metallocene film grades.
Why did the price of m-LLDPE change in December 2025 in Europe?
• In December 2025, the m-LLDPE Price Index decreased due to subdued downstream offtake from packaging and industrial film converters, which reduced urgency for fresh spot procurements.
• Ample regional inventories and steady feedstock availability meant production costs were not a key upward driver, keeping the market soft.
• European buyers also adopted a cautious hand-to-mouth purchase strategy ahead of year-end budgets, further reducing spot price momentum.
For the Quarter Ending September 2025
North America
• mLLDPE Price Index in North America remained under pressure throughout Q3 2025, with a quarter-over-quarter decline, reflecting subdued demand and ample supply.
• In September 2025, the price of mLLDPE declined notably due to slack demand from the packaging and agricultural film sectors, combined with steady production rates and limited export pull. The absence of hurricane-related disruptions further contributed to oversupply.
• The mLLDPE Production Cost Trend remained largely stable, supported by flat ethylene feedstock prices and consistent plant operating rates. Producers faced minimal margin compression during the quarter.
• The mLLDPE Demand Outlook for Q4 remains cautious. While seasonal packaging demand may offer short-term support, broader industrial consumption is expected to stay muted due to macroeconomic uncertainty and conservative procurement strategies.
• mLLDPE Price Forecast models suggest a range-bound trend heading into Q4 2025, with potential for mild recovery if export volumes to Latin America improve or if feedstock costs rise due to geopolitical factors.
• Downstream sectors such as flexible packaging, stretch films, hygiene products, and industrial liners continued to show mixed performance, with packaging demand holding steady while construction-related applications remained weak.
Why did the price of mLLDPE change in September 2025 in North America?
• The mLLDPE Price Index declined in September due to weak downstream demand, particularly from the flexible packaging and agricultural film sectors.
• High inventory levels and steady plant operating rates led to oversupply, pressuring prices downward.
• The absence of major weather disruptions (e.g., hurricanes) allowed for uninterrupted production, further contributing to market softness.
• Buyers adopted a conservative procurement strategy, limiting long-term commitments and pushing for lower spot prices.
APAC
• In China, the mLLDPE Price Index fell by 0.70% quarter-over-quarter in Q3, reflecting mildly bearish pressure.
• The average mLLDPE price for the quarter was approximately USD 1183.33/MT.
• Balanced supply and steady import flows kept the mLLDPE Spot Price range-bound despite seasonal weakness.
• Forecast models suggest a cautious mLLDPE Price Forecast with limited upside amid elevated inventories.
• Stable ethylene costs moderated the mLLDPE Production Cost Trend, restraining significant margin compression for producers.
• Seasonal off-peak demand underpinned a subdued mLLDPE Demand Outlook, with downstream restocking gradual and conservative.
• The mLLDPE Price Index showed neutral weekly movements as plant run-rates and export flows remained steady.
• Inventories and anticipated US cargo returns pressured offers, limiting firm upward movement in domestic mLLDPE markets.
Why did the price of mLLDPE change in September 2025 in APAC?
• Seasonal demand recovery expectations supported bids, but actual offtakes remained modest, keeping pricing muted.
• Stable feedstock ethylene prices and steady plant operating rates maintained production, limiting upward price pressure.
• Sufficient spot availability and anticipated import inflows curtailed seller concessions, sustaining a balanced but soft market.
Europe
• mLLDPE Price Index in Europe remained under pressure throughout Q3 2025, with a quarter-over-quarter decline, reflecting subdued demand and ample supply.
• Prices remained soft due to sluggish packaging and film demand across key European markets.
• September 2025 saw a further price drop, driven by low offtake, high inventories, and limited export pull.
• mLLDPE Production Cost Trend stayed stable with flat ethylene prices and consistent plant operations.
• mLLDPE Demand Outlook remains cautious for Q4, with only mild support expected from seasonal packaging.
• mLLDPE Price Forecast suggests range-bound movement, with upside limited by weak industrial activity.
Why did the price of mLLDPE change in September 2025 in Europe?
• The mLLDPE Price Index declined in September due to sluggish demand from the packaging and agricultural film sectors.
• High inventory levels and steady plant operations led to oversupply, pressuring prices downward.
• Limited export activity and cautious downstream restocking further weakened market sentiment.
• Despite stable ethylene feedstock costs, the lack of demand momentum kept the mLLDPE Spot Price soft.
For the Quarter Ending June 2025
North America
• The mLLDPE Spot Price in the U.S. declined in Q2 2025, following a broader softening of the regional Price Index driven by surplus inventory and weaker-than-expected downstream pull.
• The mLLDPE Production Cost Trend remained largely unchanged, despite moderate feedstock cost swings, as producers adopted efficient production and inventory strategies.
• Export momentum softened due to persistent trade headwinds, while domestic demand from premium film, stretch wrap, and hygiene film applications stayed lukewarm.
• The mLLDPE Demand Outlook for early Q3 remains flat, with cautious procurement prevailing amid macroeconomic uncertainty and persistent inventory overhang.
Why did the price of mLLDPE change in July 2025 in North America?
• The mLLDPE Spot Price declined due to high stock levels and underwhelming downstream demand.
• The mLLDPE Production Cost Trend was stable, but weak margins led to discounting by sellers.
• The mLLDPE Demand Outlook remained uncertain, especially in packaging and hygiene films.
• The mLLDPE Price Forecast suggests limited upside without a demand rebound from high-performance film sectors.
Asia-Pacific
• The mLLDPE Price Index in China dropped by 6% in Q2 2025, attributed to ample inflow of low-cost metallocene grades from China and the Middle East.
• The mLLDPE Production Cost Trend stayed mostly steady as logistics and energy costs remained under control, offsetting feedstock fluctuations.
• Demand for mLLDPE in specialty films and multilayer applications stayed soft, with buyers hesitant to restock amid volatile regional trade cues.
• The mLLDPE Demand Outlook remained muted despite marginal recovery signals from China’s consumer packaging and hygiene sectors.
Why did the price of mLLDPE change in July 2025 in Asia?
• In July 2025, the mLLDPE Price in China declined due to oversupply and weak converter demand.
• The mLLDPE Production Cost Trend was steady, supported by lower freight and stable raw material pricing.
• The mLLDPE Demand Outlook stayed subdued due to thin procurement in packaging and stretch film segments.
• The mLLDPE Price Forecast remains cautiously bearish unless firm buying returns from food packaging and healthcare sectors.
Europe
• The mLLDPE Price Index in Europe decreased in Q2 2025, tracking a consistent downturn across conventional and metallocene grades amid oversupply conditions.
• The mLLDPE Production Cost Trend eased on the back of lower feedstock ethylene prices and reduced utility costs, though market fundamentals remained weak.
• End-use consumption for mLLDPE in flexible and performance films was constrained by low spot activity and sluggish orders, especially from retail and construction packaging lines.
• The mLLDPE Demand Outlook remained conservative, further pressured by increased imports from cost-competitive regions such as the U.S. and Turkey.
Why did the price of mLLDPE change in July 2025 in Europe?
• The mLLDPE Price decreased due to excess supply, poor spot market activity, and inventory buildup.
• The mLLDPE Production Cost Trend declined alongside falling upstream costs.
• The mLLDPE Demand Outlook stayed fragile amid weak demand from packaging and technical film sectors.
• The mLLDPE Price Forecast indicates mild bearishness, with pricing stability dependent on inventory correction and recovery in high-performance film demand.
For the Quarter Ending March 2025
North America
The North American mLLDPE market started Q1 2025 on a strong note, fueled by solid demand from the packaging, construction, and automotive sectors. Prices climbed in January and February due to supply limitations caused by severe winter weather that led to unplanned production outages. Ongoing plant maintenance and fears of potential tariffs on imports from Mexico and Canada triggered aggressive spot buying, amplifying price momentum during the early part of the quarter.
By March, however, market dynamics began to shift. Demand from key sectors such as construction and automotive slowed, while earlier supply disruptions eased as facilities resumed normal operations. Additionally, a drop in feedstock ethylene prices lowered production costs, contributing to a slight pullback in prices. Buyers, concerned about trade policy uncertainty, adopted a more cautious approach, which tempered any potential price recovery.
Despite the late-quarter dip, Q1 2025 prices remained higher overall than in Q4 2024. Moving forward, market participants are likely to face challenges stemming from trade policy shifts, fluctuating demand, and stabilizing supply. These factors suggest a more volatile environment in the near term, with pricing strategies having to adapt to ongoing supply-demand realignments.
APAC
In Q1 2025, the mLLDPE market in the APAC region, particularly China, experienced a continued downward pricing trend, shaped by steady supply conditions and soft demand fundamentals. Throughout the quarter, stable ethylene feedstock costs supported production, while domestic supply remained ample, even during seasonal slowdowns caused by the Lunar New Year holidays. New capacity additions and resumed operations post-holiday further bolstered availability. However, despite this supply-side stability, demand remained tepid across key sectors such as packaging, construction, and automotive. The Spring Festival failed to trigger the expected post-holiday surge in downstream orders, particularly in film and agricultural applications. External headwinds, including economic uncertainties, a cautious business climate, and looming tariff concerns, added pressure to market sentiment. Even though activity in construction showed signs of recovery, automotive sector weakness and deflationary forces curbed demand growth. While regional shipping costs fell and imports from alternative suppliers such as Iran increased, mLLDPE prices faced consistent pressure. By the end of March 2025, mLLDPE prices FOB Shanghai dropped 2%, reflecting the quarter-long bearish trajectory. Despite these shifts, the quarter’s overall pricing remained relatively stable compared to Q4 2024, suggesting that ample supply and muted demand will continue to define the market outlook in the short term.
Europe
In Q1 2025, the European mLLDPE market experienced a fluctuating trend, with prices rising during January and February before softening in March. The early-quarter uptrend was supported by reduced domestic supply, increased feedstock ethylene and naphtha prices, and a decrease in cheaper imports. These factors encouraged restocking activity, and producers responded by raising prices. Seasonal agricultural demand, particularly for film applications, further contributed to the bullish sentiment, even as broader consumption was tempered by ongoing inflation and subdued construction activity. As the quarter progressed, demand-side challenges began to outweigh cost pressures. In March, weakened consumption from packaging, construction, and industrial sectors became more prominent, leading to a reversal in the earlier price gains. Falling feedstock costs and sufficient inventory levels across the region helped cool market enthusiasm. Buyers, wary of ongoing economic uncertainties and anticipating potential price reductions, adopted a cautious purchasing approach. Concerns around possible tariffs on U.S. polyethylene imports also added to the cautious mood, limiting buying appetite. With procurement restricted to immediate needs, overall market sentiment in Europe turned conservative, and participants began focusing more on managing inventory levels rather than speculative purchases, reinforcing a softer pricing environment toward the end of the quarter.
