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RESIN NEWS BRIEF:
Respected and closely watched market analyst reports resin pricing $.05/LB down on LLDPE, LDPE, and HDPE
Market reports suggest February PVC resin pricing will remain unchanged. Predicts PVC resin prices may begin heading upwards in March or April.
Trade News February
MARKET PERSPECTIVE - Mike Burns (@RTiBurnsPE) - Exxon and Nova followed the Formosa February decrease of $.05. This action will conclude February down $.05/lb.
LLDPE DOWN "Additional resin producers now decreasing Feb Polyethylene by $.05/lb."
MARKET DYNAMICS I "Natural Gas futures scored a second week of double digit gains, jumping $.16/mmBtu to $2.972/mmBtu."
PE HUMMING ALONG "Polyethylene trading continued to hum along at a rapid rate."
RESIN RELIEF "Polyethylene is decreasing again; February’s $.05/lb drop will bring the total relief since November to $.16/lb."
Polyethylene Price increase for March 15
The Dow Chemical Company has issued notice of their intent to increase all grades of their Polyethylene by $.05/lb effective March 15, 2015.
RESIN TRENDS TODAY "February Polyethylene pricing settles lower, most major LLDPE producers have followed the initial $.05/lb decrease nomination.
More information on pricing here...