Plastic Price Information July 2007
Market Price Information News Implications for VCI Poly Products
The plastic market has undergone three price increases so far this year since Jan 1, 2007. Basically LDPE, LLDPE and other raw materials have increased in price causing an increase in costs for products such as VCI film, VCI bags, foodgrade bags and specialty plastic products. This additional cost or at least most of it is almost always passed on to the end users. Will this be another year of record price increases for oil related products such as stretch wrap and plastic packaging? With the price of oil at $74/barrel today and projections by some analysts of $100/barrel oil within a year or two some believe that it will be.