LLDPE Resin Pricing
Resin Price Update for August 2017
Resin prices settled flat for July.
Resin producers are seeking to implement their previously announced increase of $.03/lb.in August.
There are two producers who have announced an additional resin increase of $.04/lb. to be implemented in September, as of today we have not seen the rest of the producers jumping on this bandwagon.
Current supply and demand conditions appear not to support the August $.03/lb. increase as inventory reports for July marked the 5th consecutive month of inventory gains since February, domestic demand was well below the three-year average, export opportunities are diminished, and with the tremendous capacity additions that are expected in the next few months, we will hopefully see another flat month.
Please contact your PolyPak America representative at toll free number 800-826-4000 to see how these market conditions may affect your specific requirements.
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