Packaging News
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Keep up to date on LLDPE, PVC pricing developments.
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Stretch film makers announce increases (Berry) (Sigma) (AEP) (Inteplast) (Paragon) (Hi-tech) (IPG) (Western Plastics) (Malpack)

 

LLDPE Resin makers announce increase (Dow) (Westlake) (ExxonMobil)

 

"resin trading remained slower than average, very limited availability offered at relatively high prices has turned most buyers away from the market."

"There are of course those processors that simply need resin to run and have little choice but to pay current prices."

"Polyethylene producers have nominated a $.03/lb price increase for September contracts, while implementation is highly likely, a tinge of uncertainty has arisen due to questionable demand."

"The $.03/lb Polyethylene price increase is being invoiced on September contract shipments,"

"PE buyers are balking at the high asking prices, instead leaning on their heavy inventory purchases from the past couple months. Traders are very wary of taking on speculative inventory at this time"

"Polyethylene producers should secure their $.03/lb price increase, which was accepted in the spot market during August, but some are already starting to wonder how long it might last."

LLDPE PRICES STEADY "Polyethylene trading activity slowed and prices were steady across the board. Buyers backed away since many PE grades rallied as much as $.07/lb over the past 7 weeks"

RESIN RISE ON CARDS THIS MONTH "in September producers will seek to raise prices by $.03/lb. Supply side fundamentals certainly support the initiative."

The resin markets have already rallied plenty; PE contracts should play catch up in September with a $.03/lb increase."

Packaging Sources September 2014

 

Subject: CDI PVC
PVC flat for August, no change.

 

Once again the PE resin markets settled contract prices flat or unchanged for all grades for August. This is despite the tightness seen in both ethylene monomer and PE resin due to numerous outages last month.
Trade Reporter August 2014

 

PVC Film Price Increase - We have received price increases from our resin and plasticizer suppliers which have prompted us to announce a 4% price increase on all PVC Packaging Films which include Supermarket, Cutterbox, Case Ready, Converter, Laundry Wrap and Specialty Films. The 4% price will be effective with any orders on or after Thursday, October 2nd. (Read Letter)
US PVC Film Producer September 2014

 

Sealed Air announced today a 5% North American price increase North American price increases are in response to the continued escalation of our key raw materials and other input costs, in particular polyethylene, which all major petrochemical (PE) suppliers announced will take place September 1. These new price increases from our suppliers are on top of significant increases announced earlier in the year. Cumulatively, since January 2013, the PE suppliers have increased prices between 13-22%
Trade Reports August 2014

 

FOIL - Increase announcements (HFA) (Pactiv) (Western Plastics) (D&W) (Reynolds) (Durable) (Penny Plates)

 

Polyethylene Price Increase - September
LLDPE - Several, but not all, resin producers have nominated a fresh $.03/lb price increase on Polyethylene slated for September implementation.
Trade Reports August 2014

 

BUSINESS NEWS - RICH GETTING RICHER
Exxon Mobil Q2 net income increases
Resin producer Exxon Mobil has reported that net income for the second quarter ended June 30, 2014 was $8.78 billion, or $2.05 per share, compared to $6.86 million, or $1.55 per share, for the same quarter ended June 30, 2013.

 

TRADE NEWS: This just in

FOODSERVICE TRADE NEWS
Aluminum suppliers consolidation continues apace (Read letter)

 

Watch this space

Good news for US Packaging Read More

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Evolution Wrapper
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Wes,

EvolutionJust wanted to reach out to you and let you know that after having your Evolution wrap machine using XP Pre-Stretched film for close to 2 years, we are very satisfied with its performance. One of my biggest concerns overseeing our night crew is giving them reliable and consistent tools to make their job as efficient as possible. Quite honestly, I don’t want them coming to me complaining about a machine that doesn’t work. Mission Accomplished!

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