When I touched base with you in June, I mentioned the possibility of a 5-cent resin increase in July. Now that July has come and gone, I can report that the increase didn’t go through and has since been pushed to August.
The Plastics Exchange noted in a recent newsletter that “eroding export prices are challenging fresh sales,” and that “plentiful resin supplies, as well as ample inventory throughout the chain, have stymied producer efforts” to implement price increases.
Looking ahead with this information in mind, it is my guess that the August increase is up in the air as well, but I will certainly keep you informed of any developments.
If you have any questions about this update or anything else at all, please let us know. Thank you for your continued business, and we look forward to serving you.