Import LLDPE Film Hits 8-Month High in SE Asia (March 5, 2025)

Southeast Asia’s import LLDPE film market has surged due to supply constraints and moderate agricultural demand, hitting its highest price levels since July 2024. However, overall demand remains weak as buyers hesitate to make bulk purchases amid high prices and uncertain end-product sales.

🔹 Prices & Supply: Import prices have risen steadily, with the low-end now at $1010/ton CIF. A major Saudi producer raised March offers by $20/ton due to a 75% supply cut.

🔹 Supply Shortages: Planned turnarounds in the Middle East and regional plant shutdowns, including Petronas' Johor facility, have tightened availability.

🔹 Demand Trends: The agricultural season offers some support, but broader demand remains sluggish. Buyers are reluctant to stock up, preferring to purchase only as needed.

With tight supply and cautious demand, the market remains uncertain despite the ongoing uptrend.