In May, the average selling price of linear low density polyethylene resin in the US was 3 cents per pound, and the prices of high density polyethylene (HDPE) and low density polyethylene (LDPE) were flat.
LLDPE prices remained flat for the first two months, followed by a 3% decline. Prior to this, prices rose by 4 cents/lb in February.
Sources said that although HDPE and LDPE prices remained unchanged for the third consecutive month, but in May of this year, HDPE's supply was tight, and the supply of LDPE is also very tight.
Since the impact of new capacity in North America began to show, PE sales in the United States and Canada were basically good in April. According to the American Chemical Society (ACC), HDPE's regional sales increased by 7.5%, while LLDPE’s sales increased. Nearly 12%. However, sales of LDPE were in trouble and fell by nearly 2%.
For HDPE, domestic sales in the United States increased by nearly 7%, and exports increased by nearly 10%.
Within four months, LLDPE's exports grew by more than 45%, driving domestic sales growth by nearly 3%. Within three months, domestic LLDPE sales in injection molding increased by 8 percentage points.
LDPE's domestic sales in early 2018 fell by 1%, while export sales fell by 3%.