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Spot US LDPE climbs to highest price in almost 34 months amid limited volume

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Highlights

Pricing up $33 on day

Previous high was in March 2018

Houston — The spot US low density polyethylene export price rose on the day Jan. 14 to the highest level in almost 34 months amid little to no volume, sources said.

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S&P Global Platts assessed US spot export low density polyethylene up $33 day on day at $1,389-$1,411/mt (63-64 cents/lb) FAS Houston basis, with rail car pricing discussed at 60-61 cents/lb. The FAS assessment includes an additional 3 cents/lb to cover packaging and transportation costs.

The previous high for US LDPE was March 23, 2018, at the same assessment level.

“LDPE is being talked at 60+ but I am not sure if there is any volume,” one trader source said.

On the year-ago date, LDPE was assessed at $1,113/mt (50.5 cents/lb) FAS Houston, and the assessment has risen about 25.8%, or $287, since.

In recent months, the grade has risen due to tight supply and strong domestic and international

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