mLLDPE Prices Overview

Market Overview

Quarterly Update on Global mLLDPE Market
 
For the Quarter Ending September 2020
 
Asia
 
mLLDPE supply in the Southeast Asian market remained limited throughout the quarter on the back of the extended plant outages and supply constraints from its major exporters based in the US, due to temporary outages caused by Hurricane Laura. As several plants in Southeast Asia announced maintenance turnarounds in the middle of the quarter, the region marked limited shipments of cargoes in the September end. Many international suppliers were heard closing their contract deals after the weeklong mid-Autumn in the nation. Despite the supply shortage, many buyers in the region refrained from entering into any new spot deals. In India, mLLDPE prices on CFR JNPT basis for the quarter ending September 2020, were averaged around USD 1011 per MT.
 
North America
 
Although Hurricane Laura severely affected the revenues of majority of the Gulf coast mLLDPE producers, but the export potential of the region was not hindered immediately as several producers had stocks available for catering to the international demand in the short term. The stock level gradually dropped amid slow production from the plants that resumed production after a prolonged production turnaround. Demand appeared promising with increased consumption of product in the packaging sector following extensive demand for plastic packaging amidst coronavirus uncertainty.
 
Europe
 

Limited imports from Asia and US hindered the supply fundamentals of mLLDPE in the European market. Several downstream producers were heard purchasing the cargoes at a premium rate to prevent any hurt to the consumer sentiments amidst firm demand for packaging material. Demand is likely to stay strong till the next quarter due to the prevailing optimism due to the scheduled launch of COVID-19 vaccine by year end. Supply for various Polyethylene is also anticipated to retrace its pace after the scheduled resumption of various manufacturing units presently under production turnaround.

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Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various mLLDPE manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global mLLDPE market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global mLLDPE market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
 

Finally, region-specific markets for mLLDPE are analyzed and region-wise demand pattern is tracked.

About

Metallocene Linear Low-Density Polyethylene, commonly known as mLLDPE is a high performing grade of Polyethylene primarily used in industrial as well as food packaging applications. mLLDPE comprises several grades in the form of films such as agriculture greenhouse film, multi-layer caste stretch film, lamination packaging film and medium to heavy duty bags films. mLLDPE is many a times extruded with LLDPE to produce multilayer film barriers for beverage cartons. mLLDPE is conventionally produced by the copolymerization of Ethylene and 1-hexene in a low-pressure polymerization process in the presence metallocene as the prime catalyst. Metallocene catalysts are highly preferred to produced mLLDPE since they ideally direct the polymerization reactions. Moreover, resins manufactured using metallocene have better seal ability and impact strength in comparison to LLDPE manufactured through conventional process. Thus, mLLDPE is widely becoming popular with Polyethylene resin converters as it facilitates the production of much stronger films with enhanced properties.