Quick Packaging News

The Polyethylene market kept its active trading pace supported by a small step up in demand. There were relatively heavy offerings of wide spec railcars, while prime material was made available from resellers looking to dish off a portion of their forecasted commitments.  Most PE grades dropped another penny with the exception of LLDPE Film, which managed to hold flat on the week. As expected, contract prices for Linear Low-Density Polyethylene (LLDPE) came in flat at the end of April. The settlement for the month was not delayed like previous months. Not to say the settlement was any less contentious, but in the final days of April, producers made the decision easier by deciding to push the proposed $0.05 increase for April to May. Looking at the supply and demand for the month, both buyers and suppliers have good reasons to press their cases. Buyers push for lower prices was dominated by talk of soft domestic demand, declining production cash costs, enhanced production capa...

 July CDI report estimates that the PE grades are down $.03 Nova declared this morning Force Majeure on hexene LLDPE grades due to their hexene monomer supplier having an unplanned outage. The extent and duration of this outage is still not known, but it will tighten up a grade that was already very tight. More info from www.quickpakinc.com

 Polyethylene Resin Pricing News.   Polyethylene trading was more active, and our spot pricing was steady to another cent lower. Transactions were well spread across LDPE and LLDPE, both film and injection grades, while HDPE transactions were a challenge to complete.  Off grade railcar offers streamed in and suppliers remained willing to discount heavily to move material. We have seen several rounds of aggressive sales into the export market and there was another this past week. Plastics Pricing News