CDI Pricing for January 2014
CDI is showing PE flat and PVC up $0.03 cents
January CDI report estimates flat for LLDPE, LDPE, and HDPE. PVC up $.03 and PP up $.05.
A couple of interesting points:
• CDI is predicting resin producer operating rates of 96% to 98% in 2014 and 98% to 100% in 2015!!
• CDI is now forecasting a $.06 “annual average increase in PE contract prices for 2014”.
• Export opportunities are keeping domestic supply tight.
The February 1st resin increase is looking all the more likely to go thru.
January CDI report estimates flat for LLDPE, LDPE, and HDPE. PVC up $.03 and PP up $.05.
A couple of interesting points:
• CDI is predicting resin producer operating rates of 96% to 98% in 2014 and 98% to 100% in 2015!!
• CDI is now forecasting a $.06 “annual average increase in PE contract prices for 2014”.
• Export opportunities are keeping domestic supply tight.
The February 1st resin increase is looking all the more likely to go thru.
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