What The Trade Is Saying |
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LLDPE: The March of Stretch Increases Continues (3.10.2010)
Expect latest stretch price increase to stick this month. Further April resin hike announced. Increase #4 and counting so far in 2010 alone.
Stretch and Poly Increase #3 (up by 7% as of March 29th 2010): Sigma, Coastal,
LLDPE RESIN GOING UP. Polyethylene prices rallied this week and overall supplies remain limited. Resin producers successfully implemented their $.08/lb price increase in February. With Ethylene monomer costs continuing to rise, they now have their sights set on enforcing a $.06/lb increase for March - a $.05/lb increase has also been announced for April.
Trade News Reports March 2010
Subject: Price Increase Announcement. Please see attached Stretch Film price increase announcement effective with orders placed on or after March 29, 2010. The price increase is for 7% or $.07 lb. In addition, the resin manufacturers have announced a 5th price increase of $.05 lb effective April 1, 2010. It is too early to tell if this increase has any chance of going through. Of course, a couple weeks ago I didn't think the increase we are announcing for the end of March had any chance of going through so I am done giving professional opinions. All new orders received after March 29 will be priced at a 7% increase. Based on the current product lead-times and shortness of resin supply.
U.S. Stretch Film Producer March 2010
All new orders received after March 29th will be priced at a 7% increase. Based on the current product lead-times and shortness of resin supply, Sigma can only accept new orders at current pricing for FLOOR STOCK sku’s which have a ship date prior to April 10th. New orders for made-to-order, custom and P/L sku’s may NOT meet this lead-time and will be subject immediately to the 7% increase. Check with your local plant location.
U.S. Stretch Film Producer March 2010
MARCH ETHYLENE SUPPLY ALERT There is a serious concern regarding the limited amount of ethylene available in March. Several systems do not have ethylene to sell to polyethylene producers. The reduced ethylene availability is due to planned turn arounds and unplanned outages. This is not a demand driven supply concern, however, the recovery timeline is not certain. This situation may result in a cutback in polyethylene production. Suppliers will not be able to buy ethylene for production. The ethylene that is available will cost too much, versus the selling price of PE. Strong demand in December and January due to exports, early January re-stocking and end of January pre-buying contributed to low supplier inventories.
Resin Market Alert March 2010
Polyethylene prices rallied $.05/lb this past week amid soaring feedstock costs and some Force Majeure conditions in both Ethylene and Polyethylene. With spot Ethylene prices jumping at least $.10/lb, Polyethylene producers will clearly be firm in their effort to enforce the full $.06/lb price increase they previously nominated for March contracts. This is on top of the $.12/lb increases successfully implemented between Jan/Feb. Another $.05/lb has already been floated for April. We see the Polyethylene market very firm right now and unless something drastically changes, expect most if not all of the current $.06/lb price increase to become implemented for March.
Trade Analysis March 2010
LLDPE: The March of Stretch Increases Continues (3.9.2010)
DOW Demand Management Customer Letter US, Ethylene Bullet 3-1-2010, Chevron PE Force Majeure 3-5-2010
We have planned as best we can for this potential challenge. We currently have sufficient resin supplies, good finished goods inventory and we are running all our lines to support your efforts! Due to the recent increase announcements our lead times are approximately 2-4 weeks depending on the product. Please keep this in mind as you monitor both your customers needs as well as your stock. Short-term flexibility could be impacted if your customers do not properly plan their needs. U.S. Stretch Film Producer March 2010
Expect latest stretch price increase to stick this month. Further April resin hike announced. Increase #4 and counting so far in 2010 alone.
LLDPE RESIN GOING UP. Polyethylene prices rallied this week and overall supplies remain limited. Resin producers successfully implemented their $.08/lb price increase in February. With Ethylene monomer costs continuing to rise, they now have their sights set on enforcing a $.06/lb increase for March - a $.05/lb increase has also been announced for April.
Trade News Reports March 2010
Subject: Updated resin/ethylene information
We have shared over the past month concerns for resin/ethylene supplies as we get into mid March. It appears these concerns are coming to fruition as outlined by the above letters. Sigma Stretch Film has planned as best we can for this potential challenge. We currently have sufficient resin supplies, good finished goods inventory and we are running all our lines to support your efforts! Due to the recent increase announcements our lead times are approximately 2-4 weeks depending on the product. Please keep this in mind as you monitor both your customers needs as well as your stock. Short term flexibility could be impacted if your customers do not properly plan their needs.
U.S. Stretch Film Producer March 2010
LLDPE Resin Pricing Today (3.5.2010)
LLDPE: STRETCH FILM RESIN STILL MOVING HIGHER
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LLDPE RESIN GOING UP. Polyethylene prices rallied this week and overall supplies remain limited. Resin producers successfully implemented their $.08/lb price increase in February. With Ethylene monomer costs continuing to rise, they now have their sights set on enforcing a $.06/lb increase for March - a $.05/lb increase has also been announced for April.
Trade News Reports March 2010
Corrugated Boxes and Sheets: Price Increase in March (3.2.2010)
Effective with all shipments on March 8th, 2010, all corrugated will increase as outlined in the attached increase letter.
LLDPE: The March of Stretch Increases Continues (3.2.2010)
Expect latest stretch price increase to stick this month. Further April resin hike announced. Increase #4 and counting so far in 2010 alone.
An additional resin increase has been announced to go into effect on March 1, 2010. The primary drivers for this price increase are strong, continued exports of polyethylene combined with rapidly escalating prices of ethylene, the main building component of polyethylene products. Ethylene prices are rising due to ethylene production facility shutdowns, and limited supply.
U.S. Stretch Film Producer February 2010
Date: Mon, 1 Mar 2010 07:55:36 -0800
Subject: The Dow Chemical Company - Polyethylene Price Notification Effective April 1, 2010 US
Read the DOW announcement click here
Read the NOVA announcement click here
Trade Press Release March 2010
Please see attached Sigma price pages effective with orders placed on or after 2/22/10. Due to heavy order rate and extended lead times with our converted film items, we cannot wait until 2/22/10 to implement this price increase. Therefore, effective on all orders for HPE and HPS placed 2/16/10, prices will be increased by $.08 lb. This is in effect for all plants US and Canada. Depending on plant location, we are running 4-7 weeks for shipment.
U.S. LLDPE Stretch Film Producer February 2010
Polyethylene prices regained strength this week and in many cases pressed into new higher territory for this recent run. Even as Asian demand remains poor excess product offerings are scarce, so it seems that higher feedstock costs during February have encouraged rationed resin production rates. With at least these two major market fundamentals supporting the current price increase initiative may yet prove successful.
Trade Reports February 2010
North American PE prices up 8 cents in February. The year is not off to a great start for North American buyers of polyethylene, as per-pound prices shot upwards again in February. Increases were unexpectedly large. Regional PE prices have soared 8 cents since Feb. 1, according to buyers. Unplanned maintenance turnarounds have plagued Gulf Coast petrochemical production, due in part to unseasonably cold temperatures in the region. Market watchers said that LyondellBasell Industries has declared force majeure on high density PE, but the company declined to confirm that report. Regional PE prices remain well shy of their mid-2008 peak - when crude oil surpassed $140 per barrel - but just the same have climbed 50 percent since bottoming out in late 2008.
Trade News February 2010
Bubble and Foam: Price Increase Coming in April (3.1.2010)
Effective with all shipments on April 1, 2010, all current Storopack pricing will increase as outlined in the attached increase letter.
Storopack Price Increase Letter.
Protective Film: Price Increase Coming in April (3.1.2010)
Effective with all shipments on April 1, 2010, Main Tape will increase there pricing by 7% on all protection and carpet films..
Main Tape Price Increase Letter.
Packaging Tapes: Price Increase Coming in March (2.25.2010)
Effective March 15th, 2010 Primetac will be implementing a price increase of 7% on all acrylic packaging tapes.
Primetac Price Increase Letter.
Intertape (IPG) Price Increase Letter.
Bestpack Price Increase Letter.
TaraTape Price Increase Letter.
PVC Film: New Price Increase Coming in March (2.16.2010)
Berry / Pliant price increase letter
AEP Industries Resinite price increase letter
Linpac/Filmco price increase letter
Western Plastics price increase letter
The March 8% increase is effective with orders placed Monday, March 8th. Orders calling
for your normal monthly order requirements, placed prior to close of business Friday,
March 5th and specifying immediate will call or shipment, will be invoiced at pre-increase
price levels.