Resin Price Indexes

Resin Price Indexes

The acquisition of Chemical Data LLC by ICIS placed a spotlight on an important part of the materials market that's rarely discussed in the open: resin pricing.

CDI, along with IHS Market, is one of the most widely followed resin pricing indexes. Plastics market players ranging from resin makers to processors to consumer brand owners use the prices reported by these indexes to settle contracts on a monthly basis.

This process avoids lengthy and unproductive haggling over pricing while also providing each side with a fall guy ("Hey, don't blame me…") if they don't agree with what's been reported.

This process also doesn't really exist for any other commodity product that's sold in billions of pounds. Although some have had limited success, plastic resin pricing largely has proven immune to futures contracts and other more transparent methods by which prices are set for commodities. The reasons for this are too complex to cover in a blog post. It's safe to say that resin price indexes still hold considerable influence.

Jack Shirrell

Consultant at Stretch Your PE $, LLC

1 年

It's also different from other commodities in that you don't know what you're paying for this month's resin until month-end or even a few days after! Imagine filling up your car with gas all month and then being surprised by the bill at month-end!

要查看或添加评论,请登录

Quick Pak的更多文章

  • Construction Packaging: Steel and High Strength Polyester Strapping

    Construction Packaging: Steel and High Strength Polyester Strapping

    In the construction industry, packaging plays a pivotal role in ensuring materials such as bricks, timber and other…

    1 条评论
  • HYBRiD Plus Pre-Stretched Film

    HYBRiD Plus Pre-Stretched Film

    In the packaging industry, pre-stretched films have emerged as a game-changer for industries seeking efficient…

  • Preventative Maintenance for Stretch Wrappers.

    Preventative Maintenance for Stretch Wrappers.

    Why preventative maintenance? It is important because it ensures that equipment operates at its peak efficiency and has…

  • New or Used Packaging Equipment

    New or Used Packaging Equipment

    When deciding on the right packaging equipment for your business, one of the key considerations is whether to invest in…

  • Packaging Automation from Entry, Mid and Top-level.

    Packaging Automation from Entry, Mid and Top-level.

    Entry-level packaging automation solutions. Packaging machinery does not have to break the bank.

  • Cover-ALL Pallet Top Sheets

    Cover-ALL Pallet Top Sheets

    Top Sheeting Pallet Covers protect your goods from dust, dirt, moisture, and grease, all of which can easily happen in…

  • Packaging with Tape and Automation

    Packaging with Tape and Automation

    Packaging plays a vital role in today’s fast-paced business landscape, ensuring product protection, preservation, and…

    1 条评论
  • Custom Tear Tapes

    Custom Tear Tapes

    Are you looking for a unique way to enhance your product packaging and engage consumers? There is a growing trend in…

  • Time to Automate your Packaging?

    Time to Automate your Packaging?

    Packaging automation is the process of packaging products without or with less manual human intervention, using…

  • High Speed Flow Wrapping Solutions

    High Speed Flow Wrapping Solutions

    Packaging plays a vital role in today’s fast-paced business landscape, ensuring product protection, preservation, and…

社区洞察

其他会员也浏览了