Quick Packaging News

LLDPE: Stretch Wrap Prices Remain Contentious (Nov 25th 2009) Resin price increase efforts meeting stiff downstream resistance. Hopes for improved demand on depleted distributor inventories. Crude prices near $76 per barrel. Weak reports on economy and a stronger dollar send oil prices down. Oil prices have more than doubled from a low of less than $33 touched in December, although they are still well below highs of $147 a barrel touched last year. Natural gas for December delivery fell 7.2 cents to $4.40 per 1,000 cubic feet. Natural gas is used to produce LLDPE stretch film in the U.S. Business News Reports November 2009 Prices for Polyethylene were up .015 / lb on the back of limited supplies, good export demand and firmer sentiment towards November price increases. Resin producers are seeking to implement $.03 - .05/lb increases for November contracts.Steady, but high asking prices were shown by producers as they dig their heels in, pressing to enforce current price inc...

LLDPE: Stretch Wrap Demand Jumps (Nov 3 rd 2009) October price increase meeting stiff downstream resistance. Order books look better on reports of depleted distributor inventories. North American resin pricing, PE up. Plastic analysts note that resin prices remain contentious, as discussions on pricing remained mixed, with no agreements were confirmed for October. September contract prices were nominated to increase $0.04/lb, with an additional $0.05/lb increase slated for October. No November price increases were issued, but December contract prices were nominated to increase $0.03/lb. Plastics Trade News November 2009 Polyethylene prices continued to rally this week, adding another $.01/lb to fully recover losses seen earlier in October. October Polyethylene was steady from September levels. It seems that all processors are now up the same $.17/lb so far during 2009. Plastics Trade Analyst November 2009

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LLDPE: Stretch Wrap Demand Up On Improving Business Outlook Resin producers issue new 5 cpp price increase for October with no agreement on implementation. Order books look better on reports of depleted Distributor inventories. Due to continuing rising feedstock costs, all polyethylene resin suppliers have successfully implemented a $.04/lb increase effective September 1, 2009. As a result of these raw material increases, we will implement a 6% price increase on all orders received on or after October 1, 2009 and on shipments effective October 15, 2009. All orders received prior to October 1, 2009 must call for immediate shipment. We reserve the right to accept or deny orders and will limit acceptance to normal order levels based on historical sales. In addition to the September 1 price increase, all resin suppliers have announced a $.04/lb increase effective October 1, 2009. We will keep you posted on this and be sure to communicate any developments. U.S. Stretch Film Producer Septemb...

PE prices were steady this week but trading was relatively quiet. Several participants said that a 4 cpp contract price increase proposed in September was largely implemented. Producers have issued a 5 cpp contract price increase for October, but no agreement on implementation has been reached yet. Market Analyst October 2009

LLDPE: Stretch Wrap Demand Improves On Industrial Production Jump C.D.I. September resin up 4 cents/lb. Film price increases loom.Distributor restocking 'takes off' on swelling order books and depleted inventories. A PE market analyst commented that the September PE price hike seemed to come out of nowhere. "The drivers that would have helped it get through are already gone,". "There's little domestic demand and almost no buying in Asia. But [PE makers] stuck to their guns and said "Go buy from someone else, then." North American PE prices now have climbed an average of 17 cents per pound in 2009. That works out to an increase of almost 30 percent, based on average selling prices for dairy blow molding grades of high density PE. The increases came after prices plummeted in the fourth quarter of 2008, as prices for oil and natural gas tanked and demand evaporated as the impact of global recession kicked in. Trade News October 2009 Against the odds, ...

LLDPE: Stretch Film Demand Improves Proposed 4-cent August increase in question. Resin buyers balk at new increase in light of current business climate. Average U.S. selling prices for resin have bounded up since July 1, fueled by rapid rises in feedstock prices. Benzene - a key feedstock used in the production of many commodity resins - closed at $2.92 per gallon in July, up almost 25 percent from June. August could bring more of the same, with benzene set to close at $3.65 per gallon, an increase of an additional 25 percent. Plastics Market Reports August 2009 Polyethylene prices firmed this week and participants continued to discuss tight supply and strong export demand. Producers are seeking to implement a 4-cent increase in PE prices in August. The outcome has not been determined and negotiations continue. Market Analyst August 2009 Chemical makers post big sales declines; see recovery. Four U.S. chemicals makers reported significant declines in sales as the global recession stran...