Resin Price Increase for Feb 2014!
Happy New Year. I would like to thank each of you for a successful 2013 and I look forward to continuing our success and growth in 2014.
Attached are 4 resin letters from our suppliers announcing a resin price increase for February 1st. The likelihood of this increase going through is anybody's guess, but I don't believe resin prices will be dropping and we are preparing for a possible February / March price increase. I will keep you posted on further increase updates.
Many customers have depleted inventory to bare-bone levels in preparation for year end as well as possible lower prices. I recommend building your inventory levels back up while lead times are manageable.
Thank you for your continued support and business.
More info at: www.quickpakinc.com
Copy of price increase letters: DOW, Chevron, Westlake, Lyondell are at www.quickpakinc.com