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The overall domestic market outlook of High Density Polyethylene (HDPE) Price strengthened in the North American region during the third quarter of 2021. The upward trajectory in spot export prices seemed to have continued in the 3rd quarter with supply side constraints unresolved. There was a sudden surge in the HDPE contracts for the last week of August as Hurricane Ida caused force majeures among the Texas manufacturers. Spot prices of HDPE Injection molding and Blow molding Grade stood at 1795 USD/MT FOB Texas and 1890 USD/ MT FOB Texas respectively during the month of September.<br>
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High Density Polyethylene (HDPE) Price Trend and Forecast The overall domestic market outlook of High Density Polyethylene (HDPE) Pricestrengthened in the North American region during the third quarter of 2021. The upward trajectory in spot export prices seemed to have continued in the 3rd quarter with supply side constraints unresolved. There was a sudden surge in the HDPE contracts for the last week of August as Hurricane Ida caused force majeures among the Texas manufacturers. Spot prices of HDPE Injection molding and Blow molding Grade stood at 1795 USD/MT FOB Texas and 1890 USD/ MT FOB Texas respectively during the month of September. https://www.chemanalyst.com/Pricing-data/hdpe-7
High Density Polyethylene (HDPE) Price Trend and Forecas The market of HDPE witnessed an upward trend during the third quarter of 2021 in the Asia Pacific region. A sharp rebound in the consumer demand amid the active pick-up in market activities caused a spike in the prices of HDPE in the Asian markets. Besides, the regional market faced a scarcity of supplies as several countries seemed to grapple with the outbreak of the Delta variant early in Q3 which led to the slowdown in trading activities across the region. In India. https://www.chemanalyst.com/Pricing-data/hdpe-7
The European market of HDPE experienced mixed sentiments in Q3 2021 The pricing trend observed a downward trajectory as FD Hamburg price declined from USD 1741/MT to USD 1637/MT during the third quarter. HDPE prices shot up this quarter across North America, backed by huge spike in demand from downstream packaging sector.
For the Quarter Ending September 2021 Due to considerable shortage of HDPE in Europe and America, prices of High Density Polyethylene (HDPE) shot up to an extreme height during this quarter. European buyers faced difficulties to procure HDPE in their respective country, as extreme shortage of several resins including HDPE led to delayed shipments. Low container availability also exacerbated the price hike across the region, where rising freight remained another concerning factor. Thus, in the midst of stable demand outlook, buyers were ready to pay premium on early cargoes, which made prices to rise during this timeframe https://www.chemanalyst.com/Pricing-data/hdpe-7
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