Tuesday, October 23, 2012

Quick Pak - What the Packaging Trade is Saying!: pricing news...LLDPE

Quick Pak - What the Packaging Trade is Saying!: pricing news...LLDPE: Polyethylene For the third week in a row spot Polyethylene prices eased slightly. Film processors have backed away from buying, rep...

pricing news...LLDPE





Polyethylene

For the third week in a row spot Polyethylene prices eased slightly. Film processors have backed away from buying, reporting healthy inventory already on hand and citing only moderate demand for their finished goods. Although upstream resin inventories grew in September, they are still relatively light, but balanced off by unenthusiastic buying activity, both domestic and export. Resin producers have not overtly diminished their intent to increase October resin prices by 5c/lb

watch this space...

Tuesday, October 16, 2012

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

Quick Pak - What the Packaging Trade is Saying!: polyethylene pricing news from quick pak inc: For the second week in a row Polyethylene prices held just about steady with some slight slippage seen in some grades. While the market ...

polyethylene pricing news from quick pak inc

For the second week in a row Polyethylene prices held just about steady with some slight slippage seen in some grades.


While the market is not awash in resin, good material availability was seen across all commodity resin groups. After several months of superb demand, buying slowed dramatically in September. Export sales also cooled .

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Monday, October 1, 2012

Quick Pak - What the Packaging Trade is Saying!: Stretch Film Pricing Oct 2012

Quick Pak - What the Packaging Trade is Saying!: Stretch Film Pricing Oct 2012: Market Update & Summary Oct 1th 2012: Spot resin markets were mostly steady to a half-cent higher in moderate trading. Railcar offe...

Stretch Film Pricing Oct 2012

Market Update & Summary Oct 1th 2012:




Spot resin markets were mostly steady to a half-cent higher in moderate trading. Railcar offerings continue to run at a below average pace and resellers’ inventories are also on the light-side, those processors in need of spot material are reluctantly bidding up the market to get material. September resin contracts are seeing very little movement. Polyethylene contracts are mostly steady, although those buyers that only went up $.03/lb in August are paying $.02/lb more this month; industry-wide contracts are now up $.05/lb for Aug/Sept. It looks like PP contracts are increasing just $.01/lb in Sept, on the low side of expectations; PGP was initially nominated to increase $.025-.04/lb.



The US energy markets fell in volatile trading and November, quoted here, began rolling to the front month. Nov Crude Oil futures bounced off the week’s low of $91.55/bbl to settle at $92.89/bbl on Friday, a net loss of $6.44/bbl. Nov Natural Gas futures, which have been priced at a premium to Oct, shed $.012/mmBtu to end the week at $3.071/mmBtu. The Crude Oil: Nat Gas ratio contracted to 30:1.



The spot Ethylene market actively traded both higher and lower; however, it was a fairly tight range and ultimately ended the week about steady at $.575/lb. The bulk of the week’s volume was seen in prompt months Sept and Oct, with material for next month delivery at a slight $.005/lb discount. The forward curve steepens from there, priced at a $.03/lb discount for December, while the backwardation is a full $.07/lb at 12 months out. Several crackers ran at net lower rates for the week due to unplanned complications, a couple crackers are also scheduled to come down for maintenance in the coming weeks. Ethane prices were down almost a penny to $.31375/gal ($.1325/lb).



Spot Polyethylene prices averaged $.005/lb higher, based mostly on a lack of supply - there is very little Generic Prime available in the market. August proved to be a banner month as domestic PE sales reached 2.82 billion lbs, the most since Oct, 2007. It was the third straight month with sales above 2.7 billion lbs, which has not been achieved since 2006. Producers ran reactors full out at 99% of nameplate capacity and even though export sales were off a bit to 575 million lbs, upstream PE inventories were reduced further to 2.716 billion lbs, the lowest level of the year. September PE contracts were mostly steady; however those buyers that only saw a $.03/lb increase in Aug are paying up a deuce to match the rest of the industry’s nickel. There are as much as $.06/lb of increases nominated for Oct, perhaps the tight supply situation can maintain the upward momentum.