Understanding Packaging and the Basics
Packaging Insight is a resource to help our customers understand the terminology used in the various packaging industries. We hope you find the information on these topics both informative and useful. As always we are committed to the success of our customers. If you have a question or need information on a product or topic not mentioned feel free to call us 813 242 6995.
POLYETHYLENE RESIN PRICING FOR NOVEMBER
After a very active month of trading, the November Polyethylene market ended quietly. Sellers were more prevalent early in the week as there were railcars that needed to find homes before month-end. Purchasing activity slowed this past week, buyers seemed to sense that come December, producers will find little success at their third attempt to implement the $.05/lb price increase.
Formosa Declares Force Majeure Due to an unplanned shutdown, Formosa Plastics has declared Force Majeure on LLDPE resins for an undetermined duration. Trade Reports February 2018 More info: www.quickpakinc.com
On Friday, March 23rd, the Pulp and Paper publication
confirmed the $50 per ton linerboard increase that had previously been
announced by all major corrugated manufactures. Key reason behind the increase
are the growth in demand for corrugated relative to capacity constraints,
declining inventories, and ever-increasing transportation costs due to fuel and
the nationwide driver shortage.
While we understand that increases are painful,
we cannot ignore material costs when commodity prices fluctuate.