Latest Price Trend of HDPE in The Global Market

North America HDPE Prices Movement Last Quarter: 

HDPE Prices in Mexico:

In the last quarter, HDPE Prices in Mexico dropped, ending the quarter at 1314 USD/MT in June. The decline was primarily driven by the influx of affordable imports from North America, which increased supply and put downward pressure on prices. Stable feedstock costs and sufficient stock levels further contributed to the price drop, as production remained steady, and stockpiles were well-maintained. Despite seasonal demand spikes and higher shipping costs, which typically influence prices during this period, these factors had a limited impact on the overall price trend. The combination of these elements resulted in a reduction in HDPE prices in Mexico during the second quarter.

APAC HDPE Prices Movement Last Quarter:

HDPE Prices in Japan:

In the last quarter, HDPE prices in Japan saw a significant rise, reaching 1042 USD/MT in June, due to a combination of factors. Higher shipping costs played a crucial role, increasing transportation expenses and contributing to the overall price hike. Additionally, rising crude oil prices, a key raw material for HDPE production, further strained costs, pushing prices upwards. Supply issues caused by factory maintenance and production disruptions also exacerbated the situation, limiting available supply. Meanwhile, strong demand from key sectors such as automotive, construction, and packaging helped maintain a robust market, reinforcing the upward price trend. These factors combined to create a favorable pricing environment for HDPE in Japan during the quarter.

Northwestern Europe HDPE Prices Movement Last Quarter:

HDPE Prices in the United Kingdom:

In the last quarter, the HDPE market in the UK experienced a sharp decrease in prices, dropping to 1285 USD/MT by the end of the quarter. This decline was primarily driven by an oversupply of HDPE, as production levels exceeded demand, particularly in key industries like automotive and construction, which saw reduced activity. The downturn was further exacerbated by high logistics costs, which made transportation more expensive and added to the overall cost burden. Additionally, an influx of ample imports from other regions increased market competition, further putting downward pressure on prices. Together, these factors created a challenging market environment, leading to a significant price drop for HDPE in the UK during the second quarter.

MEA HDPE Prices Movement Last Quarter:

HDPE Prices in Saudi Arabia:

In the last quarter, Saudi Arabia's HDPE market experienced a reduction in prices, followed by a rebound in June, with prices ending at 1094 USD/MT. The initial price decline was influenced by disruptions in the supply chain, particularly along the Red Sea, which created logistical challenges and limited the availability of materials. However, improvements in the cost of feedstock, which is a significant component of HDPE production, helped stabilize prices toward the end of the quarter. Despite a slight increase in freight rates, these positive feedstock developments and recovery in market conditions led to a rebound in HDPE prices in June. The combination of supply chain issues, feedstock cost improvements, and transportation costs shaped the pricing trend throughout the quarter.

South America Prices Movement Last Quarter:

HDPE Prices in Brazil:

In the last quarter, Brazil experienced a notable drop in HDPE prices, with the price falling to 1281 USD/MT by the end of the quarter. This decline was largely driven by an influx of cheap imports, which increased supply and exerted downward pressure on local prices. Meanwhile, steady feedstock costs helped maintain a stable production environment, but the impact of low consumption across key sectors, such as automotive and construction, further reinforced the downward trend. High stock levels in the market also contributed to the price drop, as there was less urgency to purchase material amid the abundance of supply. Together, these factors led to the overall price reduction in the Brazilian HDPE market during the second quarter of 2024.

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “HDPE Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of HDPE price trends, offering key insights into global HDPE market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines HDPE demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.

Get Real-Time Prices of HDPE: https://www.imarcgroup.com/hdpe-pricing-report

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