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Efforts to implement even part of
the .07/lb Polyethylene increase
in May have already been dashed
weak feedstock markets now point
to a steep drop in May pricing.
Trade Reports May 2012
After first quarter increases and
a steady month of April, resin buyers
are eyeing falling markets and are
looking to share in upstream cost
savings. The shift in the pricing
cycle seems to be underway. Once
the down trend is solidly confirmed,
which does appear imminent, it could
last for a while. Indicating ever-
decreasing resin feedstock costs
for at least the balance of 2012.
So as long as the industry can avoid
a major production disruption it
seems like this cycle’s highest
resin prices may have passed.
Trade Analyst May 2012
Abundant resin availability has
pushed buyers away since they expect
prices to slide further. After a
run-up in prices during the 1st
quarter, distributors and traders,
looking to get ahead of what appears
to be an imminent drop in prices
in the coming months, have become
aggressive with their offers as
they try to liquidate inventories.
Trade Analyst April 2012
Aluminum and Film Products Price
Increase. Due to rising material
costs, prices for all Pactiv aluminum
and film products listed below will
increase by 8% for orders placed
on or after May 1, 2012 and orders
shipped on or after May 8,2012.
( Pactiv)
( Berry)
( AEP)
Alcoa profit rises on higher
metal prices
US aluminium-maker Alcoa has posted
a big increase in second-quarter
profit, helped by rising metal prices.
Net profit for the three months
to the end of June came in at $322m
(£202m), compared with $136m in
the same period last year. Sales
rose 27% to $6.6bn. Aluminium sold
in a range of $2,500 to $2,600 a
tonne on the London Metal Exchange
during the second quarter. In the
same quarter a year earlier it had
sold for just under $2,000. However,
the price is still well below its
record high of $3,380 per tonne,
reached in July 2008.
Trade Reports April 2012
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