CDI reports that LLDPE branded resin is unchanged in February, waiting on I H S report.
February 28, 2024August 5, 2024 Stretcf Film Increase
July 23, 2024June 3, 2024 Stretch Film Increase
5-29-2024
Good afternoon,
We have delayed the implantation of this increase to orders placed on orafter 6-03-2024.
Here is the letter from 15 days ago:
5-14-2024
LLDPE prime resin is up $.08 per pound over the last 12 months and $.05 for the calendar year but with the stretch film decrease I sent effective on 5-06; we are down and an average of $.02/ pound from this time last year.
There is a reason for it, we are in a competitive market, and we want to keep writing orders!
As soon as we lowered the price on 5-06, I H S report verified that primeresin is increasing $.03/ pound. Then all major stretch extruders put increaseletters out that same day.
So, on orders placed on or after 5-28-2024, we will go back to our4-08-2024 price levels, which are $.03 higher than today. If anything changes,I will let you know as soon as possible.
Thanks for your business.
Sincerely,
Jim Petruzzi
Cell: 630-215-8869
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