Friday, July 20, 2012

Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc 7.20.2012

Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc 7.20.2012: Polyethylene prices moving higher - amid limited new offerings, better exports and rising feedstock costs. The Polyethylene market has rec...

Resin pricing from quick pak inc 7.20.2012

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

Tuesday, July 17, 2012

Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc

Quick Pak - What the Packaging Trade is Saying!: Resin pricing from quick pak inc: Polyethylene prices firmed, with gains seen for many grades. After the quarter-end purge, material availability has tightened somewhat. The...

Resin pricing from quick pak inc

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 contend natural gas prices are destined to rise even without more exports, as companies scale back production. U.S. natural gas prices will rise without exports and stabilize around $3.50 to $4. "The current price environment is unsustainably low," he said, because in some areas, gas costs more to produce than its price.
Trade News 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

Thursday, July 12, 2012

Quick Pak - What the Packaging Trade is Saying!: Polypropylene pricing news 7.12.2012

Quick Pak - What the Packaging Trade is Saying!: Polypropylene pricing news 7.12.2012: Polypropylene The spot Polypropylene market gave back half of the $.02/lb gain earned the previous two weeks. Although the market had fi...

Polypropylene pricing news 7.12.2012

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

Wednesday, July 11, 2012

Quick Pak - What the Packaging Trade is Saying!: Resin Market Update & Summary July 11th 2012:

Quick Pak - What the Packaging Trade is Saying!: Resin Market Update & Summary July 11th 2012:: Summary The spot resin markets were mixed and offers were relatively light during the holiday interrupted week. Polyethylene prices were...

Resin Market Update & Summary July 11th 2012:


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 ratio expanded marginally to 30.4:1.

Spot Ethylene prices were fractionally higher; gains were limited as several crackers returned from both scheduled and unplanned maintenance. There are still a few crackers offline from the heavy turnaround season, but production at the moment already seems ample. July Ethylene changed hands several times this past week, the most recent at $.4275/lb, up ¾ cent. The forward Ethylene curve remained fairly flat with a slightly negative bias. The Ethane market was a tad weaker, with values pegged around $.29/gal ($.122/lb) on Friday.

Spot Polyethylene prices firmed, with gains as much as a penny seen for some grades. After the quarter-end purge, material availability has tightened somewhat, further restricted by the mid-week Independence holiday and many market participants taking vacation. Offers should improve in the coming week. There are still a wide range of prices quoted throughout the market, but the low-end seems to have cleaned up a bit. The slight strength is built on producers’ current efforts to prop up Houston export prices by about $.02/lb as well as the nomination of a $.05/lb increase for August contracts. There was technically an old price increase on the table for July, but it was never really in play. Some think contract prices could actually see a small decline in July.

The Propylene market was lower and the spot market is again deviating widely from contracts. A couple of splitter and refinery developments were announced this past week that will maintain and enhance future Propylene supplies. Despite the initial nomination to increase July PGP contracts by $.03/lb, they settled steady at $.52/lb. The spot market promptly took a nosedive; PGP for July delivery traded at $.49/lb while August material sold at a further $.02/lb discount. By the end of the week, PGP for prompt delivery was offered at $.45/lb, a huge $.07/lb discount to contracts which had just settled. The entire forward curve was similarly re-priced lower. There was very little activity seen in RGP, which was flat at $.37/lb.



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, but this month’s orders may very well fall short. As we suggested a couple weeks ago, PGP monomer could come under pressure again as additional crackers return on-stream, and indeed they did with spot monomer prices falling $.07/lb, more than 13%, this past week. The spot resin market is still balanced to slightly under-supplied with little Generic Prime availability, but this could change quickly if PGP monomer remains weak and some contract PP orders get cancelled or minimized as buyers look towards potentially lower August pricing. However, it is still very early in the month and things could change along the way.



The spot resin markets were relatively quiet this past holiday shortened week, which also marked the beginning of the first quarter. Resin offers were light as expected, but should again begin to flow more freely. Although there were price increase nominations for July, we thought the markets could likely roll steady; PP has already confirmed flat and PE is now offered steady and might even see a small decrease. Spot monomer markets seem to have exhausted their small recovery rally with new cycle lows seen in Propylene. During the latter part of June when markets were still weak, we suggested the sensible re-building of downstream PP resin inventories to comfortable levels, but not to over-do it as the market sought direction. Although the spot resin markets have yet to really confirm, another perhaps smaller down-leg could be developing.
 
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

Tuesday, July 10, 2012

Quick Pak - What the Packaging Trade is Saying!: Resin and poly pricing July 2012

Quick Pak - What the Packaging Trade is Saying!: Resin and poly pricing July 2012: 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 ...

Resin and poly pricing July 2012

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