Resin pricing is down 5 cents for Feb.
CDI is reporting resin pricing $.05/LB down on LLDPE, LDPE, and HDPE
"Additional producers now seem to be decreasing Feb Polyethylene contracts by $.05/lb."
For January, regional PE prices fell an average of 4 cents per pound, while PVC dipped an average of 2 cents per pound.
The PE decline is the third consecutive monthly drop for that material after the market had not seen a single price decrease in two years. Prices had fallen a total of 7 cents in November and December.
Mike Burns (@RTiBurnsPE) - Exxon and Nova followed the Formosa February decrease of $.05. This action should conclude February down $.05/lb.
Read more pricing info here...