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Keep up to date on LLDPE, PVC pricing developments.
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LLDPE STRONGER DEMAND "resin markets saw another busy week; demand was strong"

PE UP "prices for both Polyethylene and Polypropylene rose again. Cracker outages and monomer’s logistical limitations have created resin production challenges thus tightening supplies."

GOT LEGS "This rally, which is still in its early stages, seems to have legs."

MARKET FORCES I "Ethylene trading was active, reeling from several cracker outages and another declaration of Force Majeure, this time by CP Chem at its Port Arthur site."

SWIFT BUSINESS TO BE DONE "Polyethylene trading was swift and prices continued to rise,"

SOLID LLDPE "resin trading was strong, volumes were solid and prices rose $.01-.02/lb;"

BULL MARKET "We have been friendly/bullish this market for about a month so far and maintain our upward bias."

MARKET FORCES ll "Lyondell Basell already had declared force majeure on ethylene feedstock made at its plant in La Porte, Texas."

TIGHTER SUPPLY DRIVES PRICES "tighten supply in a North American PE market"

NO RESIN RELIEF SEEN "Regional PE prices have not seen a decrease since late 2012."

LLDPE LIKELY STRENGTH "July resin prices could still roll flat across the board, but we see a strengthening potential for a rise in prices come August."

AUGUST INCREASE - "if the export market heats up again, Polyethylene could potentially take another leg higher. There were price increases issued months ago, but the amounts were not consistent amongst producers; we would not be surprised to see some oldies get cancelled and fresh nominations issued for August"

Packaging Sources July 2014

 

Foodservice Trade News Aluminum in Bull Market as Investors Lured by Shortage Outlook. Aluminum entered a bull market in London and traded near the highest in 16 months on speculation demand will exceed supply for the metal used in everything from cars to packaging. Aluminum is another metal with improving fundamentals, so we’re not surprised to see the price rally. Aluminum for delivery in three months advanced 2 percent, about 20 percent above the closing low on Feb. 3.

 

Foodservice Packaging - Aluminum Rises. Aluminum reached a 16-month high. Aluminum extended gains to $2,036 a ton, the highest since February 2013, after entering a bull market yesterday amid bets that demand will outstrip supply.
Trade Reports July 2014


TRADE NEWS: This just in

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

 

TRADE NEWS – Foodservice
Aluminum producer Alcoa has reported a jump in earnings on strong metals pricing and lower costs as it confirmed its outlook for 7% aluminum demand growth in 2014.
July 2014 reporting season

 

Watch this space

Good news for US Packaging Read More

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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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