Resin Pricing News November 1st 2014
E ACTIVE "Ethylene trading was extremely active"
PE SLIDES "The spot Polyethylene market came under pressure as sellers with groups of railcars hit the market searching for buyers ahead of month-end. Average Polyethylene prices slid $.01/lb"
EXPECT PE TO FALL SOON "It is likely that the Polyethylene market will recoil a little in the coming week as sales pressure is relieved at the beginning of the month."
FILM MAKERS TO SEEK RELIEF "Resin Processors, eying the $.20/lb drop in upstream spot Ethylene costs, are seeking a contract price decrease of perhaps $.03/lb - which equals the September increase."
STELLAR SALES FOR RESIN "resin markets were active the first part of Oct and then fell silent, but this past week was stellar and it redeemed the month."
BEAR SENTIMENT "Polyethylene market sentiment is also bearish led by a $.20/lb drop in spot feedstock costs."
LIVING IN HOPE ON LLDPE "processors are hopeful for price relief, there is reason to be skeptical as one must turn the calendar back to Nov 2012 for the last market wide Polyethylene decrease and even at that, it was just$.02/lb."