Resin Price Increase for Feb 2014!

Market Update & Summary Jan 10th, 2014


Happy New Year. I would like to thank each of you for a successful 2013 and I look forward to continuing our success and growth in 2014.

Attached are 4 resin letters from our suppliers announcing a resin price increase for February 1st. The likelihood of this increase going through is anybody's guess, but I don't believe resin prices will be dropping and we are preparing for a possible February / March price increase. I will keep you posted on further increase updates.

Many customers have depleted inventory to bare-bone levels in preparation for year end as well as possible lower prices. I recommend building your inventory levels back up while lead times are manageable.

Thank you for your continued support and business.

More info at: www.quickpakinc.com

Copy of price increase letters: DOW, Chevron, Westlake, Lyondell are at www.quickpakinc.com

Comments

Post a Comment

Popular posts from this blog

Why Reinforced Edges on Pallet Wrap?

Image
When it comes to shipping and storage, the stability of the pallet is paramount.  Pallet wrap, also known as stretch film or stretch wrap, is a highly stretchable plastic film that secures items tightly together. But not all pallet wraps are created equal. The inclusion of reinforced edges makes some stretch films stand out in the realm of shipment protection. So, what exactly does this mean, and why should businesses care? Before delving into the specifics of reinforced edges, it is essential to understand the role of pallet wrap. The primary purpose of wrapping pallets is to stabilize and secure products during transportation or storage. Pallet wrap must be durable and resilient to withstand a variety of stresses, including load shifting, vibrations, and even environmental factors like moisture and dust. Reinforced edges refer to the additional strengthening material along the sides of the pallet wrap. This can be in the form of a band of thicker plastic or a mesh-like strip ...
Read more

Edge Protectors for Better Strap Tension.

Image
Strap edge protectors are made of multiple plies of recycled paper laminated together and formed into a right angle. The protectors are cut to length for both hand and machine application. Strap protectors improve strapping tension and protect the product from strap damage. Features and Benefits: -Custom print available. -Cut to length for both hand and machine application. -Cost effective. -Shorter lengths provide protection at maximum cost and material efficiency. -Strap protection. -Improves tension transmission of strapping and afford product edge protection from strapping damage. -Sustainable. -Uses 100% recycled and recyclable materials Strap protectors come in a variety of sizes and strengths. Contact us at 813 242 6995 or sales@quickpakinc.com  
Read more

CDI showing flat for April 2014. Resin price the same.

Image
CDI is showing flat for the month of April. Trade Report April 2014 Resin rolls flat per reports Respected analysts reporting this month no change for PVC or PE resins. "LLDPE Producers are doing their best to keep PE prices flat in April while processors are looking for a $.02/lb decrease." "The Ethylene market again saw heightened activity as several crackers remained offline for maintenance. Ethylene for April delivery initially continued higher reaching $.545/lb," "the Polyethylene market activity chilled from its fervent pace and prices were flat across the board. Domestic PE demand improved about 150M lbs" "Polyethylene prices were flat and it looks like April contracts could still either roll steady or perhaps see a small decline but that might wait until May." Packaging Sources April 2014
Read more