LLDPE stretch resin remains elevated
The Plastics Exchange
At a meeting with U.S. industry officials at the White House, Trump vowed to rebuild American steel and aluminum industries, saying they had been treated unfairly by other countries for decades.
Trade News March 2018
President Trump is set to announce steep tariffs on steel and aluminum imports, in what would be one of his toughest actions yet to implement a trade agenda that risks antagonizing friends and foes alike. Trump wants to announce tariffs of 10 percent on aluminum from all countries. The details of the decision may still change, and it’s possible some countries may be granted exemptions. Stay tuned
LLDPE stretch film makers have been able to fill most of their immediate resin needs fairly quickly but have included the Feb $.04/lb increase. They are also anticipating the next $.03/lb increase nominated for March. Film producers are hopeful that resolution of production issues and new capacity will soon begin to weigh on PE prices.
Trade Reports (Courtesy Plastics Exchange) February 2018
Corporate America raising prices to cover transport costs The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc. and Hormel Foods Corp. to spend more on deliveries and consider raising their own prices as a way to pass along the costs. Interviews with executive reveal that many are grappling with how to defend their profit margins as transportation costs climb at nearly double the inflation rate.
Business Trade News February 2018
Stretch film makers announce February increase (Sigma) (IPG) (Amtopp) (Berry) (Western Plastics)
Resin makers announce increase for February.
Read Letters (Chevron Phillips) (Exxon Mobil) (Dow)
U.S. Commerce Department has recommended that President Trump impose steep tariffs on foreign steel and aluminum.
For aluminum, Ross is recommending a tariff of 7.7% on imports from all countries, and a tariff of 23.6% on imports from five specific aluminum exporters, including China and Russia.
Stocks of steel and aluminum companies soared. U.S. Steel and AK Steel spiked 10%, while Alcoa rallied 3% and Century Aluminum climbed 7%.
Trade News February 2018
Aluminum products maker announces price increase in April (Pactiv)
PVC film makers announce March increase. Read the letters - (Berry) (Anchor) (Pactiv) (Western Plastics)
Formosa Declares Force Majeure
Due to an unplanned shutdown, Formosa Plastics has declared Force Majeure on LLDPE resins for an undetermined duration.
Trade Reports February 2018
Alcoa shares are tumbling in midday trading as the aluminum producer is taking it on the chin after its latest earnings release, missing on both profit and revenue. Alcoa blamed higher alumina costs for its results.
Trade News Reports January 2018
Broad-line distributors suffer significant value erosion
Amazon Business Ups Ante with Two-Day Prime. Amazon Business has announced it is launching Business Prime Shipping, a paid annual membership program for registered multi-user business customers in the United States and Germany. On the same day Grainger’s share price dropped 5.3%, Fastenal stock lost 3.6% of its value and other broad-line distributors suffered significant value erosion as well.
When they buy Uline we will see sparks fly?
Exxon Mobil Corp the world's largest publicly traded petroleum producer, posted a higher-than-expected quarterly profit today as higher crude and natural gas prices more than offset the effects of a major hurricane on U.S. operations.
Resin Business News
And so it begins – LLDPE flows
ExxonMobil Chemical Company announced today that it has commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company's multi-billion dollar expansion project in the Baytown area and ExxonMobil's broader Growing the Gulf expansion initiative, will increase the plant's polyethylene capacity by approximately 1.3 million tons per year. The Mont Belvieu plant capacity will total more than 2.5 million tons per year, making it one of the largest polyethylene plants in the world. These performance polyethylene products will deliver significant sustainability benefits enabling lighter weight higher performance packaging, lower energy consumption and reduced emissions. A significant portion of Mont Belvieu polyethylene will be exported from the Port of Houston later this month. At peak, the site will ship more than 200 containers a day.
Stretch film increase #3 announced (Sigma) (IPG) (Amtopp) (Berry)
Stretch & Shrink Film Market in the US
A good business to be in.
Demand for stretch and shrink film is expected to grow 3.7% annually to $4.0 billion in 2021. Greater warehousing and shipping activity will drive gains for products like pallet wrap and stretch hoods, as will resin and machinery innovations that have resulted in more efficient pallet wrapping. Ongoing shifts in product packaging, such as a trend toward high quality graphics, will continue to fuel growth for stretch and shrink film products.
(Find out how to grow your stretch business in this growing market segment contact your dedicated Western Plastics representative)
PVC Food Films Price Increase
To: All Food Film Customers
We have announced a 7% price increase effective with orders placed on or after Monday, October 2, 2017. Please make sure that you place your new orders with customer service before the effective date. (Berry) (Western Plastics) (Pactiv)
U.S. PVC Food Film Producer September 2017
Western Plastics continues to offer a range of down-gauged, high performance films designed to keep your film costs low. The expanded HYBRiD80 line of film is available in:
HYBRiD80 Banding Films
HYBRiD80 Hand and Machine Films
HYBRiD80 Wide Web Films
Extended Core Films
HYBRiD80 Engineered Films
Call us today for an alternative, high performance stretch film and improve your stretch film margins.
How Distributors play in
a volatile stretch film arena
Distributor selling activity gains momentum.
ADVICE TO DISTRIBUTION- watch inventory buys in anticipation of lower stretch prices ahead.
Buy only as needed. Think drop ships. Western Plastics offers distributors quick drop-shipping with low freight prepaid minimums
User: Manufacturers Distribution Center
Showing VERITIV as the Shipper
Longtime Repeat on 18" HYBRiD80 Handwrap
No Western Plastics markings
Wrapped with care using Printed VERITIV Logofilm (to promote product and brand awareness also encourages repeat orders for Veritiv)
And the shipment looks sharp! (See more examples)
su mercado a todo Mexico y Latino America.
Western Plastics ofrece los siguientes productos:
Fílmicos para paletizar - Manual y para Maquina (Stretch Film)
Fílmicos para comida y frutas (Vitafilm)
Aluminio para comida - (Aluminum Foil)
Película para alimentos (Supermercados)
Hojas de aluminio para tacos/burritos (Pop Ups)
Charolas de aluminio (Aluminum Pans)
International (951) 695-1983
NEW SELLING OPPORTUNITIES (More)
For best results, please use Air-Flow as follows More...
This current configuration is fast, uses much less stretch film due to its strength and the machine is dependable. We also love the technical support we get when, at a minimum, is needed.
Continue to use us as a reference for future business. We are very satisfied and would like to help out fellow wholesalers as you see fit. (Read - Free Evolution wrapper)
1. The tool was really easy to use.
2. The stretch wrap held better than the current shrink wrap we are using
3. The associates like the fact that they could walk forward instead of walking backwards which is a great safety feature.
4. The pallets were wrapped quicker due to the shrink wrap being pre-stretched so they don't lose the width of wrap
5. The associates were able to wrap taller pallets because of the tool
6. Associates did not have to bend over as much
7. Some associates were using too much wrap because they were used to using the current wrap.
Overall they like the new wrap as long as the tools are available. We had some associates that ended up using the wrap without the tool because we ran low on wrap for awhile. They said they did not like it because it would rip easier and couldn't wrap as tight. I then explained why those issues were happening and let them test it with the tool. After they tested it with the tool I got the same feedback as above.
Stretch Film User Report