News and Testimonials

11/09/2017 - News
SECOND PRICE INCREASE NOTIFICATION - POLYETHYLENE FILM - SEPTEMBER 2017

Dear Polyethylene Film Clients,
 
RE: Second Price Increase Notification
 
Since our last communication with you on August 29, 2017, polyethylene resin producers have announced another round of increases of USD$0.04/lb. effective September 15, 2017.
 
Moreover, the industry is still facing various degrees of technical and logistical hurdles to restart many of the reactors shut down because of Hurricane Harvey.
 
We therefore have no choice but to announce another increase of US$0.04/lb C$0.05/lb for all FDA grades of polyethylene film effective Monday, October 2, 2017. Industrial grade films may suffer from higher increases, as the market for off-grade resins has vanished during this crisis. 
 
All clients have until Friday, September 29, 2017 to place orders at our current prices. Please note that purchases will be restricted to your traditional buying patterns given the limited supply of resin in the market place. 
 
It is our expectation that this current environment will last until the first quarter of 2018.
 
As always, your support, loyalty and continued collaboration are much appreciated.
 

Randy Shermet
Vice President Sales and Business Development

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