Stretch Film - Non Resin price Increase.
U.S. Stretch Film Producer May 2014
"Resin trading continued to run at a rapid rate; there was a strong flow of orders coming form both buyers and sellers,"
"The Polyethylene market saw brisk trading for the third straight week"
"courageous companies began to shave their prices to generate demand and turn over their aged inventory.The strategy was very effective as spectacular sales over the past several weeks greatly reduced uncommitted warehouse stocks"
"LLDPE buyers beware. We caution against buying in too much at higher levels."
"May resin trading results have been excellent thus far; April volumes were already exceeded mid-month, although margins have been squeezed. Resellers and exporters have been aggressively cutting deals to liquidate old Polyethylene inventory and make room for opportune purchases that could arise"
"LLDPE asking prices floated higher this past week."
"So here’s to a strong 2nd half of May - and hoping that higher spot PE prices will not turn off this recent spate of buying."
Packaging Sources May 2014
PVC - Non-resin related price increase announced. Continued rising price pressure on freight, energy, healthcare, and other non-resin related costs over the past year. (AEP)