Quick Packaging News

LLDPE: Stretch Wrap Prices Remain Contentious (Nov 25th 2009) Resin price increase efforts meeting stiff downstream resistance. Hopes for improved demand on depleted distributor inventories. Crude prices near $76 per barrel. Weak reports on economy and a stronger dollar send oil prices down. Oil prices have more than doubled from a low of less than $33 touched in December, although they are still well below highs of $147 a barrel touched last year. Natural gas for December delivery fell 7.2 cents to $4.40 per 1,000 cubic feet. Natural gas is used to produce LLDPE stretch film in the U.S. Business News Reports November 2009 Prices for Polyethylene were up .015 / lb on the back of limited supplies, good export demand and firmer sentiment towards November price increases. Resin producers are seeking to implement $.03 - .05/lb increases for November contracts.Steady, but high asking prices were shown by producers as they dig their heels in, pressing to enforce current price inc

LLDPE: Stretch Wrap Demand Jumps (Nov 3 rd 2009) October price increase meeting stiff downstream resistance. Order books look better on reports of depleted distributor inventories. North American resin pricing, PE up. Plastic analysts note that resin prices remain contentious, as discussions on pricing remained mixed, with no agreements were confirmed for October. September contract prices were nominated to increase $0.04/lb, with an additional $0.05/lb increase slated for October. No November price increases were issued, but December contract prices were nominated to increase $0.03/lb. Plastics Trade News November 2009 Polyethylene prices continued to rally this week, adding another $.01/lb to fully recover losses seen earlier in October. October Polyethylene was steady from September levels. It seems that all processors are now up the same $.17/lb so far during 2009. Plastics Trade Analyst November 2009