Polyethylene (PE) Price Trend and Forecast

Regional Price Overview

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

Polyethylene Price Trend for First Half of 2023

Asia

The prices of polyethylene in the first quarter of 2023 suffered from the slow movement of downstream packaging and related industries, along with disruptions in the supply chain due to the maintenance shutdown of several manufacturing units. Due to this, the gap between supply and demand widened in the Asia-Pacific region. In the second quarter, along with these challenges, the cost of upstream products and the failure of the economy due to the ongoing crisis between Russia and Ukraine resulted in feeble market activities of polyethylene.

Polyethylene Price Chart

Polyethylene Price Trends


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Europe

In European countries, the price trend of polyethylene declined throughout the first and second quarters. The challenging economic conditions resulted in high rates of inflation, slowing down of demand from the downstream industries, and compromised trading activities, resulting in low confidence of buyers in the market, thus leading to the reduction in their consumption rates. In the second quarter, some major manufacturing plants went under maintenance activities, making the situation much more dire for the traders and eventually negatively impacting the price trend of polyethylene.

North America

In the initial months of the first quarter, the price trend of polyethylene surged with the help of the limited availability of stocks and positive growth of the construction and packaging sector. However, the second quarter did not prove to be this favorable for the market activities of polyethylene. The demand from downstream industries declined gradually, and with falling economic conditions, the rates of inflation and bank interests soared, hampering the price trend of polyethylene.

Analyst Insight

According to Procurement Resource, the price trend of Polyethylene is estimated to showcase a southward trajectory as the downstream industries are showing signs of weak demand, and the global economy also does not seem to support the rise in polyethylene prices.

Polyethylene (PE) Price Trend for the Second Half of 2022

Asia

The Asian market remains weak for the prices of polyethylene in the third quarter. The Chinese market saw the least demand from the North American region due to the strong supplies from worldwide traders and low demand from the end-user market. The supply chain was also disrupted because of delayed shipments and logistics constraints. The manufacturers alas decided to cut production owing to the bearish market demand, hampered supply chains, and low cost of feedstock. In the fourth quarter also, the situation persisted. Along with the above trend, the rise in inflation played a major role in the decline of prices.

Europe

The European market’s weak growth and high economic uncertainties played a primary role in the price decline of polyethylene in the third quarter. In addition to that, a low demand from the end-user industries and a low purchasing trend followed similar to the Asia-Pacific market, also contributed to the decline in the prices. The fourth quarter, however, saw a surge in prices. The improvement in trading practices, increase in demand from downstream industries, and continuous surge in inventories accelerated the prices in the region.

North America

Similar to the Asia-Pacific market, the North American region also saw a decline in the prices of polyethylene polymer. The major cause of this decline is attributed to weak market sentiment and oversupply of the product. The threat of hurricane season further snatched any opportunity to incline the prices from the traders. The fluctuations in the cost of energy production, and low demand from end-user industries led to a decline in the prices in both the third and fourth quarters of 2022.

Analyst Insight

The prices of Polyethylene are likely to decrease during the coming month given a decline in demand from the end-user industries and the rise in inventories and operational and production costs of the material.

Polyethylene (PE) Price Trend For the First Half of 2022

The first half of 2022 saw a decline in polyethylene prices as a result of sluggish demand and increased supplier stocks. Polyethylene prices in May generally increased by 3 cents/lb, while June prices were on a flat to lower trajectory.

Suppliers revised and delayed their price increases, generally asking for 3 cents/lb in June owing to decreased demand. In the meantime, both domestic spot pricing and export prices decreased, local prices fell by 5 to 10 cents per pound while export prices fell by 10 cents per pound.

Procurement Resource provides latest prices of Polyethylene (PE). 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.

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About

Polyethylene (PE), a synthetic thermoplastic resin, is produced from ethylene and is the one of the most common plastic type. Its is primarily utilised in packaging and production of plastic bags, plastic films, geomembranes, containers including bottles, etc. It is a combination of similar polymers of ethylene with various values of n. Its branched versions are called as low-density polyethylene (LDPE) while its linear versions are called high-density polyethylene (HDPE) and ultrahigh-molecular-weight polyethylene (UHMWPE).

Product Details

Report Features Details
Product Name Polyethylene (PE)
Industrial Uses Plastic containers, Plastic bottles, Plastic films, Bags
Chemical Formula (C2H4)n
Synonyms 9002-88-4, Polyethene, poly(methylene)
Supplier Database Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, The Dow Chemical Company, China Petroleum & Chemical Corporation (Sinopec), PetroChina Company Limited, Reliance Industries Limited (RIL), Chevron Phillips Chemical Company
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.

Production Process

  • Production of Polyethylene (PE) via Polymerisation

Polyethylene is produced from ethylene through its polymerisation. As ethylene is a stable compound, it polymerises only upon its contact with a catalyst. This conversion is highly exothermic and finally produces Polyethylene.

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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