Price Increase on Stretch Film and Poly Coming Soon
Our polyethylene resin suppliers have informed us of a new resin price increase effective February 1st. Factors supporting this resin increase are; improving domestic and global demand, rising feedstock costs. In response to this February 1st resin increase, all new orders received on or after February 24th will be priced at a 7% increase.
U.S. Stretch Film Producer January 2017 Read letters (Sigma) (IPG) (Berry) (Amtopp) (Western Plastics) (Paragon)
RESPECTED MARKET ANALYST REPORTS TODAY
January LLDPE rolls flat (NO CHANGE): Added the following rider ‘As a result of global PE prices starting to rise and spot ethylene trading in the mid 30’s in the final week of January, it now looks like domestic PE producers are going to be successful in achieving the 5 cent price increase they have nominated for February’. One U.S. producer has already announced an additional 6c/lb LLDPE hike slated for March.
Resin Trade News February 2017
Dear Polyethylene Customer:
Effective February 1, 2017, Dow Chemical will increase the selling price of all polyethylene resins in the United States by US$0.05/lb.
Products included in this price increase are as follows:
- All LDPE Resins
- All LLDPE Resins
U.S. RESIN (LLDPE) Producer January 2017 (Dow) (LyondellBasell)
LLDPE – stretch film demand picks up as distributor restocking continues.
Trade Reports January 2017
How Distributors play in a volatile stretch film arena
Customer re-stocking activity gains momentum.
Review your needs for LLDPE stretch film – Manage inventory closely in anticipation of higher stretch prices ahead. Order in as needed.
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