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.