It’s been a while since we last posted about PE resin pricing and our lead times, so we thought it was time to pass along an update.
The first few months of 2017 saw suppliers push through a number of resin pricing increases, for a total increase of 8 cents per pound. Over the last few weeks, however, PE resin pricing has been relatively stable. The Plastics Exchange reported in their most recent update that “although producers are again seeking to implement the final $.03/lb price increase that is still on the table, based on market conditions, it now seems unlikely.” After the many increases during the first quarter of the year, this is welcome news.
As for current lead times, we’re still meeting over 99% of our scheduled due dates. Production schedules are back within our historical norms and we are working hard to keep them that way for you. As always, whenever you can project your needs out a little ways it is very helpful. We want to meet 100% of our lead times all the time.
If you have any questions or comments about this update, please send us an email. Thank you for your continued business, and we look forward to serving you.