Stretch Film Pricing and the Pending Increase
We have closed our books on January – it was a very good month, thank you for the steady flow of orders. Sometimes contract
and spot prices move together, but this was not the case in January. Polyethylene contracts were flat, but spot prices
rallied $.01-.03/lb depending on product; it is now likely that $.02/lb and perhaps all of the $.04/lb increase could get implemented
in Feb. Jan Polypropylene contracts were up $.04-.05/lb; spot prices began the month quite strong, jumping $.03/lb
and then gave back all of the gains and actually finished a half-cent lower. We anticipate Feb PP contracts to be flat to a few
cents lower. There have been great sourcing and selling opportunities along the way, so for those that just receive our market
reports and always buy / sell elsewhere, come to us for your spot resin needs - now is a great time to actively join our market!!