HDPE (Blow Molding) Price Trend and Forecast

HDPE (Blow Molding) Regional Price Overview

Get the latest insights on price movement and trend analysis of HDPE (Blow Molding) in different regions acrossent regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

HDPE (Blow Molding) Price Trend for the First Half of 2025

Asia

In the first half of 2025, HDPE Blow Molding prices in Asia showed a generally weak trend. The market was under pressure due to subdued demand and high inventory levels across key regions like China, Southeast Asia, and India. Although some new offers emerged from Middle Eastern producers, buying activity remained cautious.
 

HDPE (Blow Molding) Price Chart

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The drop in crude oil and ethylene prices added to the uncertainty, especially as tariff changes between the U.S. and China caused trade shifts. While shipping dynamics adjusted rapidly, domestic buyers largely adopted a wait-and-watch approach. In markets like Indonesia and Thailand, aggressive local pricing further reduced interest in imports. Despite minor restocking in certain areas, the overall sentiment stayed weak with limited upward movement.

Europe

In Europe, HDPE Blow Molding prices moved upward during the early part of H1’25, driven primarily by tight local supply. Production slowdowns and plant maintenance led to reduced output, while import volumes stayed limited. Even though demand across most sectors remained sluggish, the packaging industry provided some level of support.

Producers held onto price gains by avoiding cost reductions, and the potential for EU tariffs on U.S. imports added to the bullish tone. However, toward the end of the period, the market stabilized as supply levels caught up with the modest demand, and activity slowed down around the Easter holidays.

North America

The U.S. HDPE Blow Molding market remained largely stable throughout the first half of the year. Although multiple plant outages occurred due to winter storm disruptions early in the year, overall demand stayed low, which balanced the impact on pricing.

Force majeures and weather-related shutdowns created temporary supply tightness, but these were offset by slower purchasing activity during harsh conditions. As production gradually resumed, the market stayed steady, showing resilience despite cost pressures from rising ethylene prices.

Analyst Insight

According to Procurement Resource, HDPE (Blow Molding) prices may face modest upward pressure if supply remains tight and demand shows signs of recovery in key sectors.
 

HDPE (Blow Molding) Price Trend for the Year 2024

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Asia

In 2024, HDPE (Blow Molding) prices in Asia showed a mixed trend, influenced by both supply dynamics and seasonal demand changes. During the first quarter, prices in China remained range-bound as demand from packaging and plastics stayed soft despite fluctuations in crude oil prices. Moving into the second quarter, prices showed a slight upward push, supported by increased demand from the manufacturing sector. However, this improvement was capped due to pressure from the weak upstream petrochemical market.

In the third quarter, the market faced another dip, with demand from agricultural and packaging sectors slowing down. Despite minor price stabilization around regional holidays, increased supply and reduced inquiries from downstream buyers kept the market under pressure. The final quarter saw further price weakening as new capacities came online, seasonal demand dropped, and the end of the agricultural film season reduced buying interest.

Europe

European HDPE (Blow Molding) prices followed a fluctuating path throughout the year. In the first quarter, prices gained momentum, supported by higher crude oil values and reduced regional output. The ongoing geopolitical tensions further constrained supply, pushing prices up. However, by the second quarter, market conditions began to stabilize, with steady supply and subdued demand limiting further price gains.

The third quarter reflected a similar pattern, with prices holding within a narrow range due to freight challenges and lukewarm downstream activity. In the last quarter, despite some temporary supply constraints, weakening feedstock prices and continued economic headwinds pulled the market down. Demand from major sectors like construction and packaging remained low, resulting in cautious procurement behaviour.

North America

North America saw relatively steady but underwhelming HDPE (Blow Molding) price performance through 2024. In the first half of the year, cautious supplier behaviour and stable domestic demand helped prices stay afloat. As the year progressed, increased production capacities and a drop-in manufacturing activity caused prices to decline, especially during the third and fourth quarters. Imports also added to the supply glut, prompting downstream buyers to limit purchases to only essential volumes. Overall, the region experienced soft market conditions with brief periods of stability.

Analyst Insight

According to Procurement Resource, HDPE (Blow Molding) prices are expected to recover slightly as inventory levels normalize and seasonal demand for packaging begins to rise. A gradual revival in downstream manufacturing activity could offer some support to prices.
 

HDPE (Blow Molding) Price Trend for the Second Half of 2023

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Asia

In the third and fourth quarters of 2023, the producers and dealers of HDPE struggled with the fluctuations in its prices. The third quarter initially registered a spike in HDPE pricing, but this was short-lived as declining market dynamics and weak demand drove prices south. Any increasing momentum of the HDPE (blow molding) pricing trend was hampered by the further recession of the Asian economy and its subsequent impact on industrial growth.

There was a brief but noticeable market surge in the fourth quarter as well, but the HDPE price trend was soon stifled by the adverse market conditions and swindling growth potential of the market. These challenges in H2 of 2023 thus resulted in the decline in HDPE (blow molding) spot prices from around 1267.67 USD/MT in June '23 to approximately 1197 USD/MT in December '23 in China.

Europe

The HDPE pricing trend in the second half of 2023 indicated a downturn in consumer confidence in this industry and a gloomy outlook from downstream sectors. Furthermore, declining feedstock costs and negative macroeconomic data made the market conditions worse, shattering hopes for a market rebound. The packaging industry's slowdown and consumer inflationary pressures compounded the decline in HDPE pricing.

North America

The price trend for HDPE in North America was similar to what was seen in European and Asian nations due to high rates of inflation, decreased downstream demand, and falling feedstock costs. In the middle of the third quarter, despite these obstacles, there was a noticeable increase in demand and a rise in the price of crude oil.

During this time, a few large manufacturers unexpectedly closed, which put pressure on supply networks. Though supply chains normalized and exceeded demand in the fourth quarter, causing a reversal in market circumstances, the upward impetus was fleeting.

Analyst Insight

According to Procurement Resource, the price trend of HDPE (Blow Molding) is expected to follow a downward trail as the presented conditions from the downstream industries do not look favorable for HDPE prices.
 

HDPE (Blow Molding) Price Trend for the First Half of 2023

Asia

In the first quarter, the poor performance of downstream industries proved to be a challenge for the HDPE (blow molding) market, but the scenario did not change much as compared to the previous quarters due to the limited availability of stock.

Some of the manufacturing units had to shut down their production due to maintenance issues, and thus, with the stagnancy in the overall market sentiments, the prices of HDPE (blow molding) remained stable. However, in the second quarter, the demand from the packaging and construction sector was still low, and even the upstream products did not show any positive movements. Along with this, the declining condition of the economy due to the ongoing Russia-Ukraine war further pushed the prices of HDPE (blow molding) towards a southward trajectory.

Europe

The weak demand from the downstream industries and fewer inquiries were the major causes of the decline in the prices of HDPE (blow molding) in the first two quarters of 2023. In addition to this, the negative impact of the weak position of the global economy leading to high rates of inflation, the ongoing Russia-Ukraine war, and the struggling condition of the upstream industries further hampered the growth of the HDPE (blow molding) price trend. The fluctuations in the crude oil sector and routine shutdown of some major manufacturing units ultimately led to the fall in the market sentiments of HDPE (blow molding).

North America

The first quarter of 2023 proved to be in favor of the rise in the prices of HDPE (blow molding). In this quarter, the inclining interest of consumers, positive movement of construction and other related sectors, and receding level of inventories led to the rise in the market activities of HDPE (blow molding) and, in turn, its prices.

The second quarter, however, did not follow this trajectory as the sluggish movement of packaging and construction sectors and eventual rise in inventories posed a negative pressure on the market. In addition to this, the failure of two major US banks added to the rise in inflation and interest rates, causing the price trend of HDPE (blow molding) to fall.

Analyst Insight

According to Procurement Resource, the price trend of HDPE (blow molding) is estimated to decline in the upcoming months as the packaging and construction sectors are not showing any signs of improvement, which will impact the market negatively.

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