LLDPE: Steep drop in May pricing...by quick pak inc
Trade Reports May 2012
After first quarter increases and a steady month of April, resin buyers are eyeing falling markets and are looking to share in upstream cost savings.
The shift in the pricing cycle seems to be underway. Once the down trend is solidly confirmed, which does appear imminent, it could last for a while. Indicating ever-decreasing resin feedstock costs for at least the balance of 2012. So as long as the industry can avoid a major production disruption it seems like this cycle's highest resin prices might past.
Trade Analyst May 2012
Abundant resin availability has pushed buyers away since they expect prices to slide further. After a run-up in prices during the 1st quarter, distributors and traders, looking to get ahead of what appears to be an imminent drop in prices in the coming months, have become aggressive with their offers as they try to liquidate inventories.
Trade Analyst April 2012
More info on this is available from:
Quick Pak Inc
4007 North 56th Street Tampa, FL 33610
Tel: 813 242 6995
FAX: 813 242 6985