The spot Polyethylene market gave back the previous week's gains as average prices slid $.01-.02/lb. Despite producers' repeated efforts to implement the August $.05/lb price increase, resin buyers have again balked given the weaker energy and feedstock markets. Although producer inventories continued to swell, to the highest level in three years, offers remain relatively light. The flow of spot material could begin to increase again as lower Crude Oil prices have weakened international resin prices, complicating spot Polyethylene exports.
August PE contracts could wind up steady, bucking the previous 2 months of decreases – while also fading the 4th attempt to implement the $.05/lb price increase.
Trade Analyst August 2011
Quick Pak Inc .
We are a full line distributor of industrial packaging equipment and supplies. We have been providing total packaging solutions for companies like yours since December 1999. We work with our customers to identify their packaging needs, find the most cost-effective equipment and packaging materials to meet those needs, and then provide the technical support to keep your packaging operation running smoothly.
More info on pricing on this product is available from:
Quick Pak Inc
1100 North 28th street Tampa, FL 33605
Tel: 813 242 6995
FAX: 813 242 6985