Resin Prices On The Move UP

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New PE Price Increase
At least three major Polyethylene producers - ExxonMobil, ChevronPhillips and Equistar (LBI) have nominated a fresh $.05/lb price increase for May Polyethylene. (Exxon Mobil) (ChevronPhillips) (Lyondellbasell)

Mike Burns Twitter‏@RTiBurnsPE
Exxon announced a $.05 increase for May 1st. Exxon has been the major supplier that has positioned price increases and decreases

LLDPE RESIN MARKET ACTION "resin markets saw sporadic bursts of action and prices were steady to higher"

MARKET DYNAMICS I "Natural Gas fell further to new contract lows, dropping a hefty $.164/mmBtu to $2.639/mmBtu"

PE SALES THIS WEEK "Polyethylene trading ebb and flow, PE prices on average gained a half-cent"

RESIN PRICE HOLDS "March contracts held steady, stopping their four month $.16/lb slide."

MARKET DYNAMICS II "Stretch film makers are looking for further relief in April, citing record Polyethylene inventories along with low energy and feedstock costs."

Spot PE prices, down by over 20¢/lb, are very close to bottoming out. Most processors are still buying as needed in anticipation of lower prices ahead.
Trade Reports March 2015

However, PVC suppliers announced two 3¢/lb price hikes, which one analyst refers to as “a defensive move” in order to stem any further price erosion. Implementation of an increase this month remains an open question. There is a lot of optimism for some real growth this year in PVC demand.
Trade Reports March 2015