What the trade is saying!
Proposed 4-cent July increase, and 4-cent August increase in question. Growing number of resin buyers quiz increase rationale with economy woes causing weak demand.
PE prices softened this week and trading was relatively light. Producers have proposed 4-cent increases for July, and an additional 4-cent increase to for August. The outcome of the July increase initiative has not officially been determined. However, a growing number of market participants are questioning the rationale behind these increases in the face of a weak economy and slack demand.
Market Analysis July 2009