We are once again on an upward incline as resin is up .09/lb. across the board. We were notified that resin has gone up due to the strong export demand and higher ethylene prices in the spot market. This was a part of a 2 step increase. The first being a .05/lb. increase going into effect on January 4th and the second being a .04/lb. increase going into effect on February 1st.
We will continue to keep you posted on the situation as we ride it out. We are hoping to be at the peak and hopefully go down once again. We will provide you with additional information related to this as it becomes available.
We thank you for your attention to this and also for all of the opportunities to do business together.