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HDPE (F46003) Price Trend and Forecast
HDPE (F46003) Price Trend and Forecast
Regional Price Overview
Get comprehensive insights into the HDPE (F46003) market, with a focused analysis of the HDPE (F46003) price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.
HDPE (F46003) Price Trend for the Q1 of 2024
In the first quarter of 2024, the HDPE (F46003) markets experienced varied dynamics influenced by regional factors. In Asia, particularly in China and India, HDPE (F46003) prices fluctuated differently; in China, prices remained relatively stable despite fluctuations in crude oil prices, while in India, the prices fluctuated within close limits.
HDPE (F46003) Price Chart
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In the Indian HDPE (F46003) market, the monthly average prices went from about 1194 USD/MT in January’24 to 1188 USD/MT in March’24. There was a marginal rise in HDPE prices, driven by increasing crude oil prices and geopolitical tensions affecting oil output initially in the first couple of months. However, the prices could not sustain that momentum.
Humble downstream demands and inventory stocks prevented suppliers from raising the prices further and instead reversed the price trajectory, and thus, a slight dip in market prices was seen in the latter phase of the quarter. Despite positive pushes from rising feedstock costs, suppliers faced unsatisfactory demand levels for most of the quarter. Overall, these regions experienced distinct market dynamics throughout the first quarter of 2024.
Analyst Insight
According to Procurement Resource, the HDPE (F46003) prices are expected to waver in the coming months as well. However, the demand trajectory is not looking hopeful moving forward.
Procurement Resource provides latest prices of HDPE (F46003). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
HDPE (F46003) refers to a grade of High-Density Polyethylene, a versatile thermoplastic known for its strength, durability, and resistance to various chemicals and moisture. It is commonly used in diverse industries for packaging, construction materials, automotive components, agricultural pipes, healthcare products, electrical conduits, marine applications, and industrial piping.
HDPE F46003 exhibits excellent stiffness and toughness, making it suitable for both lightweight and heavy-duty applications. Its high impact strength and flexibility make it ideal for products requiring resilience to harsh environmental conditions. HDPE F46003 is valued for its recyclability, contributing to sustainable manufacturing practices in numerous sectors.
Product Details
| Report Features | Details |
| Product Name | HDPE (F46003) |
| Chemical Formula | (C2H4)n |
| Industrial Uses | Packaging, Construction, Automotives, Healthcare, Electricals, Industrial piping and tubing |
| Synonyms | Polyethylene (F46003) |
| Supplier Database | Reliance Industries Ltd, GAIL Ltd, Haldia Petrochemicals Ltd, IOCL, ONGC Petro additions Ltd, HPCL-Mittal Energy Ltd, Dow, Exxon Mobil Corp, INEOS |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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