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.
Plastic and Resin Pricing News
Four of five major commodity resins saw North America price increases take hold in April.
Polyethylene prices for April rose by an average of 4 cents per pound as oil prices recovered from less than $38 per barrel early in the month to around $45.
Oil is a global price setter for PE, although natural gas is the most common PE feedstock in North America.
Just about everyone in the PE market sees the massive wave of capacity starting to come online soon, and PE processors are anxious to start enjoying a multi-year buyers market.
North American PE markets also could be tightened by the April 20 explosion at a plant in Mexico that made ethylene feedstock and other petrochemical products. The incident has resulted in at least 32 deaths and causer force majeure to be declared on products made there.
Plastics News May 2016
How to play in a volatile stretch film arena Forecast your needs for stretch film – Buy in 60 days supply at todays price in a firming LLDPE stretch film market