The polyethylene market has been experiencing some stressful times over the last number of months. It is no secret that resin producers would love to add in more price increases. In fact, there are announced increases for June 1st and July 1st.
Some producers are holding back, others are pressing forward. As a consequence of the market uncertainty, it is likely that we won’t be able to say what the outcome of the June 1st price increase will be until July 1st. If it does indeed go through, it is possible that we will have to put the increase through in the early part of July. I anticipate that a possible June 1st increase will amount to 3% to 6% on our pricing, but I will have to update you again as July approaches.
If you have any questions or concerns, please call one of our customer service representatives at (800) 272-2634 or send us an email.