In my previous update I told you about resin increases scheduled for July 1st and August 1st. It’s safe to say at this point those increases did not take hold. However, there is now a 3-cent increase on the table for September 1st.
It’s still too early to tell what the outcome will be, but The Plastics Exchange has taken the position that “spot conditions and supply side fundamentals certainly support the initiative.” As always, I will update you again as I know more.
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