In the second half of October xxxx, the global mLLDPE market showed varied trends, with stability in the Asian market while prices in Europe and the USA experienced a downward shift. This divergence was largely driven by weak demand across key downstream sectors, including the automotive, construction, and packaging industries. Further, mLLDPE pricing across regions was influenced by fluctuating feedstock costs, particularly for Ethylene and upstream Naphtha. Crude oil prices also contributed to the market&#xx;s dynamics, as concerns over potential Middle East supply disruptions eased and were further tempered by China鈥檚 sharp industrial profit contraction in September. Furthermore, a notable drop in freight rates added pressure, as importers advanced peak season shipments to avoid potential disruptions from dock worker strikes on the US East Coast and Gulf ports. As a result, mLLDPE prices in China held steady, quoted at USD xxxx/MT FOB Shanghai on November x, xxxx.
