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Showing posts from July, 2012
Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc 7.20.2012
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Resin pricing from quick pak inc 7.20.2012
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Polyethylene prices moving higher - amid limited new offerings, better exports and rising feedstock costs. The Polyethylene market has recovered about $.03/lb in the past few weeks, recouping much of the discount that developed towards the end of the second quarter. Market sentiment seems to be shifting more bullish, with market participants now talking more about the $.05/lb increase nominated for August More info on this is available from: Mike Cunningham Quick Pak Inc 4007 North 56th Street Tampa, FL 33610 Tel: 813 242 6995 FAX: 813 242 6985 www.quickpakinc.com mike.cunningham@quickpakinc.com
Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc
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Resin pricing from quick pak inc
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Polyethylene prices firmed, with gains seen for many grades. After the quarter-end purge, material availability has tightened somewhat. There are still a wide range of prices quoted throughout the market, but the low-end seems to have cleaned up a bit. more... Market Analyst July 2012 The glut of natural gas has sent prices to 10-year lows is causing a quandary for the Obama administration, which is struggling to decide whether -- and how much -- the U.S. should share the bounty with foreign countries. The dilemma is politically treacherous in an election year . The prospect of selling natural gas in Asian and European markets at five times its price in the U.S. is enough to make most domestic producers giddy. Trade News July 2012 Nothing goes down forever... spot prices for both Polyethylene and Polypropylene finally had an up-tick. It was the first gain for PE in 13 weeks. Ethylene prices continued to recover. Resin Market Analysis July 2012 Prices to rise? Many analysts c
Quick Pak - What the Packaging Trade is Saying!: Polypropylene pricing news 7.12.2012
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Polypropylene pricing news 7.12.2012
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Polypropylene The spot Polypropylene market gave back half of the $.02/lb gain earned the previous two weeks. Although the market had firmed amid better demand after June PP contracts settled down $.155/lb – which brought the two month decrease to $.255/lb, trouble could again be looming. June contract orders were reportedly strong as processors had to re-stock their dwindling resin inventories and forecasts for July were also high, More info on this is available from: Mike Cunningham Quick Pak Inc 4007 North 56th Street Tampa, FL 33610 Tel: 813 242 6995 FAX: 813 242 6985 www.quickpakinc.com mike.cunningham@quickpakinc.com
Quick Pak - What the Packaging Trade is Saying!: Resin Market Update & Summary July 11th 2012:
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Resin Market Update & Summary July 11th 2012:
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Summary The spot resin markets were mixed and offers were relatively light during the holiday interrupted week. Polyethylene prices were $.005-.01/lb higher building on the penny gains from the previous week; the minor recovery in Polypropylene stalled and prices slipped back a penny. July PP contracts are settling steady along with PGP monomer, PE contracts are offered steady and could possibly even see a little more erosion in July. Export activity has started to improve, but Houston traders’ inventories generally remain plentiful. US energy markets extended their gains, but then gave way at the end of the week to actually close lower. August Crude Oil futures reached nearly $89/bbl, the highest level since late May, but fell back to settle at $84.45/bbl on Friday with a net loss of $.51/bbl. August Natural Gas prices surged above $3/mmBtu for the first time since February, before collapsing to end the week at $2.776/mmBtu, down almost a nickel. The Crude Oil: Nat Gas price rat
Quick Pak - What the Packaging Trade is Saying!: Resin and poly pricing July 2012
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Resin and poly pricing July 2012
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U.S. ethylene prices rise after hitting 20-month low in June. Prices for the chemical building block ethylene recovered at the end of June from the lowest level in 20 months as short-term supply concerns briefly resurfaced. The ethylene price touched 39.5 cents per pound on June 13, extending its drop from a seven-year high of 75.12 cents per pound on April 5 after unplanned plant outages and scheduled maintenance caused supply to fall short of demand. Trade Reports July 2012 More info on this is available from: Mike Cunningham Quick Pak Inc 4007 North 56th Street Tampa, FL 33610 Tel: 813 242 6995 FAX: 813 242 6985 www.quickpakinc.com mike.cunningham@quickpakinc.com