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.
Resin and Plastics Pricing News
LyondellBasell declared force majeure this week on linear low density polyethylene (LLDPE) made at two plants in Texas and Illinois, according to a letter the producer sent to customers on Wednesday. The letter, dated 18 May, said the declaration stemmed from “unexpected mechanical difficulties in our PE production plants in LaPorte, Texas, and Morris, Illinois.” Trade News May 2016
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.