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Written by steph » Updated on: November 19th, 2024
In Q4 2023, High-Density Polyethylene (HDPE) Prices in the USA reached $1,230/MT due to export issues and Panama Canal disruptions. In Asia-Pacific, prices were mixed, ending at $954/MT in Japan. In the UK, prices fell to $1,238/MT due to low demand. In the UAE, prices dropped to $1,048/MT because of cheaper feedstock. In Brazil, prices decreased to $1,068/MT due to reduced manufacturing and new orders.
The latest report by IMARC Group, titled "HDPE Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the High-Density Polyethylene (HDPE) Price Trend. This report delves into the Price of HDPE globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecasts section provides insights into Price Forecasts, making this Price report an invaluable resource for industry stakeholders.
HDPE Prices December 2023:
Report Offering:
The study delves into the factors affecting HDPE price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/hdpe-pricing-report/requestsample
Q4 2023 - HDPE Price Trend
The HDPE industry in various regions experienced fluctuations in the fourth quarter of 2023 due to several factors. In North America, prices surged in October, stimulated by increased feedstock ethylene prices and robust demand from the construction, packaging, and automotive industries. However, towards the end of the quarter, a reduction in the industry occurred, influenced by declining upstream naphtha and crude oil prices, as well as subdued demand across the globe. Despite steady domestic demand, reduced export inquiries from Asian traders and disruptions in supply, such as restrictions in the Panama Canal due to low water levels, contributed to the downward trend. Overall, the HDPE industry trajectory was shaped by shifts in feedstock prices, global demand dynamics, and supply chain disruptions.
Industry Analysis HDPE
The global High-Density Polyethylene (HDPE) industry size reached US$ 81.3 Billion in 2023. By 2032, IMARC Group expects the industry to reach US$ 113.7 Billion, at a projected CAGR of 3.7% during 2023-2032. Moreover, in the Asia-Pacific region, HDPE prices followed a mixed trend in the last quarter of 2023. While Indian and Chinese industries declined initially, they rebounded in December. Conversely, Singapore, South Korea, and the Japanese industry witnessed a declining approach. Factors influencing prices included fluctuations in feedstock ethylene costs, refinery maintenance activities in the Middle East impacting supply, and changes in international crude oil prices. Additionally, operational adjustments and plant shutdowns, such as Lianyungang Petrochemical in China, contributed to price fluctuations.
Furthermore, in Europe, prices inclined in October but declined for the rest of the quarter due to lackluster economic conditions, high product supplies, and low demand from downstream sectors. Producers faced cost pressures, leading to further price increments. Similarly, in the Middle East, prices initially rose due to sustained demand but declined marginally towards the end of the quarter, influenced by easing feedstock ethylene and crude oil costs, alongside bearish demand sentiments from Asian and European industries.
Meanwhile, South America experienced bearish prices attributed to slow domestic demand from the construction and automotive sectors, coupled with decreased feedstock ethylene costs. Overall, the High-Density Polyethylene (HDPE) industry in the last quarter was shaped by a complex interplay of global economic conditions, regional demand dynamics, and fluctuations in feedstock prices.
Key Points Covered in the HDPE Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading industry research company that offers management strategy and industry research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major industry, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Industry forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive industry intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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