LLDPE Resin Pricing
Resin Update for January 2017
Contract resin prices were flat for the month of December. We completed the year with approximately a 10% increase in resin cost January through December. January polyethylene contract pricing should be unchanged. There is a price increase nomination on the table for February of $.05/LB.
Nova Chemical started their new LLDPE reactor and it is now producing prime film grade material, it is the first of many major resin projects expected to go live in 2017. Dow, Exxon, and CP Chemicals have start dates for LLDPE in the second half of the year for a total of nearly two billion pounds.
The export market was very strong in December and continues that strength so far into January. This activity will certainly be a factor in support of the February increase going through. Oil prices hover in the low $50’s per barrel number despite reduction of production.
Please contact your Poly Pak Account Representative to find out more about how these market conditions might affect you directly.
Wishing you all a Happy Healthy New Year!
Thank you for your business