Resin Trade Analyst reports
PVC down $.02/lb
LDPE / LLDPE - down $.05/lb
(Resin makers disagree)
Mike Burns (@RTiBurnsPE)- Mike B. from RTi posted this comment - "Prices need to fall another $.07 or more to keep North America competitive at today's feedstock prices."
PRUDENT - Working with falling prices - Quick Pak's message to customers. Buy film only as needed for immediate shipping.
RESIN BUYERS WAIT "Purchasing dropped off this past week as buyers anticipated cheaper February prices, particularly PE"
LLDPE WIPED "Polyethylene prices have fallen dramatically and on average, another $.02/lb was wiped away this week."
PE WANTS MORE "January PE contracts have been offered down $.04/lb, but are not fully settled - processors are looking for a larger decrease."
THREE’S A CHARM "Contracts for both PE and PP are decreasing for the third month in a row."
FREEFALL RESIN "If only $.04/lb comes …