Recycled-Linear Low Density Polyethylene (R-LLDPE) Prices: Trend, Pricing, News | ChemAnalyst


For the Quarter Ending September 2023

 

North America

During the third quarter of 2023, the Recycled Linear Low-Density Polyethylene (R-LLDPE) market in the United States exhibited a significant downward trend. From the onset of Q3, uncertainties emerged as key sectors, including Packaging and Textiles, projected lower demand, causing fluctuating patterns. Domestic pricing for R-LLDPE experienced a decline throughout the quarter, influenced by wavering demand in downstream sectors like Packaging and plastics industries. The market faced cautious sentiments due to oversupply inventories resulting from consistent material production and weak demand from downstream industries. Bulk purchasing interest was low among enterprises, with market participants preferring immediate stock procurement. The absence of notable changes in factors impacting final prices contributed to continued decreases in the United States market, reflecting subdued demand in the domestic market.

APAC

In the Chinese market, Recycled Linear Low-Density Polyethylene (R-LLDPE) witnessed a noticeable decline of approximately 8.2% throughout the third quarter of 2023. At the beginning of Q3, uncertainties arose with lower demand projections from key sectors like Packaging and Textiles, leading to fluctuating demand patterns. As Q3 progressed, the domestically traded price of R-LLDPE continued on a declining trajectory. Wavering demand in downstream sectors, including Packaging and plastics industries, prompted cautious market sentiments. Oversupply inventories resulted from consistent material production and insufficient demand from downstream industries. Enterprises showed little interest in bulk purchasing, and market participants favored immediate stock procurement. Despite moderate demand from the automotive sector, it was insufficient to stabilize the market. In the last month of Q3, the Chinese market continued to experience price decreases due to the absence of notable changes in factors affecting final prices.

Get Real Time Prices of Recycled-Linear Low Density Polyethylene (R-LLDPE): https://www.chemanalyst.com/Pricing-data/recycled-linear-low-density-polyethylene-1263

Europe

The European market for Recycled Linear Low-Density Polyethylene (R-LLDPE) witnessed a significant decline of approximately 9.6% throughout the third quarter of 2023. Challenges at the beginning of Q3 led to a consistent decline, characterized by extended weakness in buyer appetite in both domestic and international markets. Sluggish end-user consumption in key industries, such as film production and packaging, compelled market participants to maintain weaker prices for competitiveness. Increased post-consumer product collection rates in August boosted base material availability, but weak consumption rates from key downstream sectors posed challenges for recyclers. Transactions remained challenging, with low purchasing activities contributing to margin compression. As the last month of Q3 approached, the R-LLDPE segment was influenced by the region's weak Purchasing Managers' Index (PMI), leading to reduced manufacturing activities and industrial output. This, coupled with weaker price support of virgin LLDPE materials and increasing post-consumer product collection rates, made it challenging for recyclers to regain market growth.

MEA

In Saudi Arabia, the Recycled Linear Low-Density Polyethylene (R-LLDPE) market experienced a mixed trend in the third quarter of 2023. The price of R-LLDPE saw a minimal decrease of approximately 1.1% throughout Q3. Challenges at the beginning of the quarter, driven by sluggish demand from downstream sectors like textiles and packaging, persisted despite robust global demand from the automotive sector. Throughout the second month of Q3, the balance between supply and demand maintained market stability, with well-saturated pricing limiting further product trades. Despite improved post-consumer product collection rates and decreased costs for virgin LLDPE, the increasing base material availability affected production costs. Sluggish demand from key industries like packaging and film production presented challenges for recyclers in maintaining profit margins. As the last month of Q3 approached, the R-LLDPE market exhibited a notable upward trend, supported by consistent demand from crucial sectors like Electrical & Electronics and consumer goods manufacturing industries. However, subdued demand in the packaging sector contributed to only a slight price increment.

 

 

 

 

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