The mLLDPE Pricing (metallocene Linear Low-Density Polyethylene) declined consistently throughout the penultimate quarter owing to ample inventories and weak demand from the downstream industries. Demand for thermoplastics remained sluggish during the quarter due to weak consumption rates from packaging and other industries. Meanwhile, production rates remained stable as the feedstock prices declined in the third quarter. Several ports in the US faced port congestion, specifically on the Gulf Coast and East coast. However, port congestions have a limited impact on the market dynamics as the global demand sentiment remained sluggish throughout the quarter. Thus, after the conclusion of Q3, mLLDPE prices were assessed at USD 1695 per MT on a FOB basis.
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