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Pricing News

PVC Resin Prices Drop

Expect lower resin feedstock prices this month.
Falling energy, raw material costs among factors cited.

Trade news
We welcome your comments; let us know what you are hearing on prices. For more information call or e-mail info@wplastics.com
For November, we anticipate PVC prices will undergo another sizeable adjustment. With crude oil prices still whipping around (but mostly to the down side), we have estimated a decline in PVC prices for November of 6 cent/Lb. We have also projected PVC prices lower for December and 2009.
Trade Analyst
Breaking News - Commodity resin prices falling with feedstocks. Like Johnny Cash singing "Ring of Fire," commodity resin prices are going down, down, down, pushed by plummeting feedstocks and scant demand. Concerns about global economic weakness also have kept resin buyers on the sidelines, sending prices down further.
Trade Reporter

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Breaking News - What goes up ... is coming down hard. Commodity resin prices continue to take historic plunges in North America, with prices for PE, PP and PET resin sliding further since Nov. 1. Average per-pound selling prices for PP have swooned a breathtaking 30 cents since that point. All grades of high, low and linear low density PE are down 15 cents and PET bottle resin has dropped another 12.
Trade Reporter November 2008
BASF takes drastic action and shuts 80 plants. BASF is shutting 80 plants worldwide and reducing production at 100 more facilities in a huge effort to address the decline in demand for its polymer and chemical products. The German giant announced this morning that 20,000 of its 95,000 employees would be affected by the production cuts. "We already drew attention to the difficult economic situation at the end of October. Since then, customer demand in key markets has declined significantly," said Dr Jurgen Hambrecht, chairman of the board of executive directors at BASF. "In particular, customers in the automotive industry have canceled orders at short notice." The business units that are primarily affected are those that supply the automotive, construction and textile industries. These include the ammonia, styrene and polyamide businesses which manufacture precursors for engineering plastics, coatings and fibres. BASF's move follows similar cutbacks by other polymer producers this month, including LyondellBasell and Ineos, which have also blamed a sudden fall in demand for their products.
Trade Reports November 2008
Packaging slump may extend well into ’09 -- High resin prices show no signs of abating for plastics processors, and that has analysts who follow the packaging industry predicting continued pressure on those companies. About 64 percent of all Standard & Poor’s rated packaging companies are in the highly volatile categories.
Trade Analyst

Shoring up sales in tough times

A Wisconsin firm boosts its profits by offering top clients some tender loving care.

One expert encourages reps to devote more time to developing relationships with their best existing clients. Follow that advice to the letter and you will be pleased with the results.

Take time to ask questions on the phone with clients, note that the company will also occasionally absorb costs, even those resulting from an outside mistake, in order to maintain good will. That's gained more business and even some referrals to new customers.

"We've tried to build friendships, and that's paid off,"
From Packaging Business News advice site

Oil plunged below $50 a barrel on today, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand. U.S. crude fell $3.71, to $49.91 a barrel , the weakest level since January 2007. Oil has lost about two-thirds of its value since July's record above $147.
News Wires November 2008
Feel the earth moving beneath your feet? Is the room spinning? Do you turn the steering wheel left, only to find you're going right? If you answered yes to any of the above, you just might be in the North American resin market.
Opinion Piece - U.S. Plastics Trade Journal

Pepsi on sustainability

Pepsi Bottling Group Inc. released a corporate responsibility report this week, and plastics play a pretty major role in the story. The company highlights its efforts to make bottles lighter, and also to bring bottle manufacturing in-house. (Click here to download the full report, in PDF format). The report includes a story quoting Walter Samylenko, director of packaging engineering, about the company's efforts to use less plastics through lightweighting.
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Trade News Report October 2008
Increasing meat demand drives packaging growth. Demand for meat, poultry and seafood packaging is projected to increase four per cent annually to $6.9 billion in 2009. About half of the gains will be attributable to an increase in meat, poultry and seafood production, and half will be attributable to changes in packaging practices, suggesting there is growing scope for innovation in this sector. Demand for flexible packaging is forecast to climb 4.7 percent per year to $3 billion in 2009.
Meat Process.com

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Disclaimer: The information and data in this report has been obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.


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Trade Futures

CRUDE OIL FUTR 49.930 /Barrel 
LME ALUM HG FUTR 1713.000 /Tonne 
NATURAL GAS FUTR 6.480 /BTU 
LME LLDPE $800 /Tonne 
Nov 21 2008
 

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Prestretched film allows users to wrap pallets securely using substantially less film on every wrapped load. Read - XP Stretch Wrap
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In the hyper-competitive stretch-film market, more layers often mean more market share. Moving from five layers to seven or nine can give an edge through higher performance or reduced cost. more...
 
Thinner wrap...More layers
In stretch film, the story is the emergence of thinner-gauge films that are just as strong as their thicker counterparts. Demand for down gauged films soars.
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U.S. Packaging Journal 2007

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Disclaimer: The information and data in this report has been obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.