In my last post, I informed you that, in addition to the resin price increase that took effect in January, suppliers were calling for an additional 4-cent per pound increase for February 1st. That price increase has not yet taken hold, and it now appears it will be postponed until March.
There has also been some recent news about a refinery problem in the Midwest. In addition to impacting gasoline prices, refinery problems can sometimes impact polyethylene pricing as well if the refineries make changes to fill gaps in production.
I will do my best to keep you up to date on these developments and, as always, if you have any questions or concerns, please send us an email or call us at (800) 272-2634.