This week, low-density polyethylene (LDPE) prices softened across Latin America as suppliers grappled with abundant availability and tepid consumer interest. An industry source in the region shared with Polymerduniya that traders have survived the glutted market by putting forward more aggressive offers. The persistent lack of purchasing, marked by virtually no inquiries or confirmations, has driven down prices as sellers try to stimulate even minimal activity.
Specifically, CFR West Coast South America LDPE film prices declined to USD 1,090–1,120/mt, slipping USD 20/mt from the previous week. In Mercosur, LDPE prices edged lower as well, falling USD 10/mt to reach USD 1,080–1,100/mt. Meanwhile, Brazilian CFR prices held firm at USD 1,080–1,100/mt, displaying a rare moment of stability amid widespread softness.
Over in the U.S., downstream pressure and the slide in global feedstock pricing weighed heavily on export levels. FAS Houston LDPE export prices tumbled sharply to USD 985–1,005/mt, down USD 40/mt week-on-week. At the same time, spot ethylene feedstock for polymer production continued its decline, assessed at 24.50–25.00 cents/lb FOB U.S. Gulf, a steep 3.00 cents/lb drop from last week.
