Key Highlights
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LDPE FOB Texas fell -*.*** as oversupply and weak export appetite dragged the U.S. market lower.
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Germany&#**;s FD Hamburg LDPE was flat at USD ****/MT, upholding its bullish **-week trend.
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Feedstock ethylene in Germany rose by *.***, adding to cost support for LDPE producers.
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U.S. high inventories and poor Latin-American and Asian demand imposed downward pressure.
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Packaging and cable demand in Germany, along with stable operating rates, kept sentiment firm.
On the demand side, the U.S. LDPE market witness minor support as food wrap, bread bags, and e-commerce mailers helped specialty-grade producers to keep operating at their normal rate. Overall demand was soft because consumer resistance from unconventional packaging such as Apeel coatings held traditional LDPE steady but didn鈥檛 allow for much broad-based growth opportunity. Innovations from Henkel with its solvent-free adhesives were supporting LDPE&#**;s application base on ready meals, and pharmaceuticals,...
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