Friday, October 23, 2009

Revolution Stretch Wrapper

Revolution Stretch Wrapper

Quick Pak introduces the Revolution Semi Automatic Stretch Wrapper. It’s a value priced semi automatic stretch wrapper. This price competitive workhorse will give you years of trouble free operation. It will solve the problems associated with poorly hand wrapped pallets.The Revolution represents an advanced design with completely reliable technology in a sleek frame, giving users a rugged machine of unmatched quality.The Revolution will convert the high volume hand wrap user over to wrapping pallets by machine.

What the trade is saying: LLDPE Pricing Oct 23rd 2009.

LLDPE: Stretch Wrap Demand Up On Improving Business Outlook

Resin producers issue new 5 cpp price increase for October with no agreement on implementation. Order books look better on reports of depleted Distributor inventories.

Due to continuing rising feedstock costs, all polyethylene resin suppliers have successfully implemented a $.04/lb increase effective September 1, 2009. As a result of these raw material increases, we will implement a 6% price increase on all orders received on or after October 1, 2009 and on shipments effective October 15, 2009. All orders received prior to October 1, 2009 must call for immediate shipment. We reserve the right to accept or deny orders and will limit acceptance to normal order levels based on historical sales. In addition to the September 1 price increase, all resin suppliers have announced a $.04/lb increase effective October 1, 2009. We will keep you posted on this and be sure to communicate any developments.
U.S. Stretch Film Producer September 2009

Oil Surges to One-Year High above $82 on plunging Dollar. Oil advanced as much as 3.6 percent as the U.S. currency slipped beyond $1.50 per euro for the first time in 14 months, bolstering the appeal of commodities. Expectations of a turnaround in the global economy has sent crude up from lows below $33 a barrel in December. Crude is still far off July 08's record of more than $147 a barrel. Natural gas for November delivery gave up 6.1 cents to settle at $5.10 per 1,000 cubic feet. Natural gas is used to produce LLDPE stretch film in the U.S.
Business News Reports October 2009

The Polyethylene market was active this week; large new resin offers emerged, pushing prices about $.01-.02/lb lower. Although producers nominated another $.04/lb increase for October, given lackluster domestic demand and a slowdown in exports, pricing will likely be steady at best, and perhaps even give back (not retroactively) the $.04/lb price increase that was widely implemented but not universally accepted downstream.
Plastics Trade Reports October 2009

US-based Berry Plastics has announced that it plans to buy Pliant after the company emerges from bankruptcy. Under a reorganization plan approved by the US Bankruptcy Court earlier this month, Berry was to receive 25% of the equity of Pliant. Berry says it now intends to acquire the remaining 75% of the common stock in the Pliant film business. Private equity firm Apollo Management owns stakes in both packaging film extruder Pliant and Berry, which is a major player in the injection molding, film extrusion and thermoforming sector in North America.
Trade News October 2009

Thursday, October 15, 2009

LLDPE Pricing

PE prices were steady this week but trading was relatively quiet. Several participants said that a 4 cpp contract price increase proposed in September was largely implemented. Producers have issued a 5 cpp contract price increase for October, but no agreement on implementation has been reached yet.

Market Analyst October 2009

Wednesday, October 7, 2009

October Price Increase.

LLDPE: Stretch Wrap Demand Improves On Industrial Production Jump
C.D.I. September resin up 4 cents/lb. Film price increases loom.Distributor restocking 'takes off' on swelling order books and depleted inventories.

A PE market analyst commented that the September PE price hike seemed to come out of nowhere. "The drivers that would have helped it get through are already gone,". "There's little domestic demand and almost no buying in Asia. But [PE makers] stuck to their guns and said "Go buy from someone else, then." North American PE prices now have climbed an average of 17 cents per pound in 2009. That works out to an increase of almost 30 percent, based on average selling prices for dairy blow molding grades of high density PE. The increases came after prices plummeted in the fourth quarter of 2008, as prices for oil and natural gas tanked and demand evaporated as the impact of global recession kicked in. Trade News October 2009

Against the odds, North American PE makers have put through increases averaging 4 cents per-pound to customers since 1 September. Many buyers were expecting PE prices to be flat in September, just as they were in August, until a late-month push by suppliers allowed the 4 cents to take hold. The increase occurred even in the absence of strong domestic sales and with an export market that's expected to be on the wane. But September exports maintained a high enough level to create tightness in the North American supply chain and give PE makers some leverage. One source estimated that more than 30% of PE made in North America in August and September was sold outside of the region. The unexpected price hike - and the change in the makeup of the market - isn't sitting well with some PE buyers. Plastics Business Reporter October 2009