Stretch Film pricing from quick pak inc
There was very little movement in spot Polyethylene prices during this past week. While PE resins in
general are adequately supplied, specific grades are sometimes hard to source. Although technically
there is a price increase out there, rolled over from October, suppliers are not pursuing it and fresh
railcar offers were seen at basically the same levels as the past several weeks. Processors are set on
earning some price relief before the end of the year, but time is starting to run thin. Traders and
exporters are looking for back-to-back transactions, keeping their purchasing powder dry for special
late Nov / year-end opportunities that might soon develop.
Spot resin market activity is beginning to improve again. Although trading is far from robust, quite a
number of deals still crossed on The Plastics Exchange platform this past week. Overall prices have
been steady, but there are well-priced deals popping up in a true spot manner, as opposed to the
market softening in general. High-volume incremental exports are sporadic, offshore price
expectations are usually too low to transact fresh business. PP contracts will shed $.01/lb in Nov; PE
contracts will likely roll flat or see some minor relief.