Resin Prices Going Down!

We’re sure this isn’t news to many of you, but indices such as Chem Data (CDI), CMAI, and Plastics News are all seeing broad declines in the costs of various resins. Polypropylene seems to be taking the hardest hit in the last two months, followed by PET, and PE. Not only are lower commodity prices due to the falling price of oil, but they are also falling because of large inventories and the strengthening U.S. dollar.

Most of our customers can’t wait to take advantage of falling resin prices, and are always extremely pleased when we pass through the savings from a lower resin cost. If your container or bottle supplier is not passing through these savings to you, please feel free to reach out to our sales team about a quote that’s tied to one of the benchmarks above. Transparency is a value of ours, and we always tell our customers the reasons for changes.

Some interesting things about the various benchmarks listed above: Chem Data and CMAI were the first to announce lower pricing, and Plastics News seems to be lagging a little bit. Generally, these indices are all very in tune with the market, but announce at different rates. Chem Data has always announced resin pricing as early as possible, even if it means that they have to go back and update the ‘actual’ price after one month. CMAI has always fallen between the other two, and is generally pretty accurate. Plastics News usually lags behind a little bit and is also extremely accurate, with minimal corrections.

If you have any questions about the various benchmarks we use, we are happy to answer your questions!

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Welcome to the new wolfcontainer.com!

Everyone at Wolf Container could not be more excited to announce and showcase our new website. It will bring new information and functionality to all of our customers. If you haven’t had a chance to browse through the various sections of it, here is a basic rundown. The website provides a wealth of technical knowledge of minerals, plastic packaging, and the services that we offer. You can see detailed specification sheets for the various minerals that we offer which are Calcium Carbonate, Kaolin, Talc, and many more.

This blog is meant to be a way to communicate industry information to keep our current and future customers informed about new trends in the industries we serve. For instance, in the plastic packaging markets, we plan to post updates for resin market movements and predicted movements as well as information about new and upcoming package releases. As far as the industrial markets we serve, we plan to discuss information related to steel packaging indices and new packaging formats that are growing rapidly.

If you don’t want to wait for these longer, more detailed blog posts please feel free to contact our sales team directly on our ‘Sales Team’ page (include link). Each member of our dedicated sales team is very capable in these areas, and can tailor any discussion to your specific needs.