HDPE prices are the prices on the market for high density polyethylene, a hydrocarbon polymer that is made from ethylene or petroleum via a catalytic process. This is a commonly used plastic in the United States and is labeled a #2 plastic used for products like milk jugs and plastic bags. Since it is one of the most common plastic used by plastic manufacturers, it is important to understand market price and how to get the best HDPE prices for your company.
Plastic Market Pricing for HDPE
Like any market for any other type of materials or products, the plastics market fluctuates from time to time. It is important to keep an eye on HDPE prices to best understand the state of the market and how to factor plastic costs into your budget. According to the Plastics Exchange, the market for polyethylene is consolidating and going into a transition period. Major producers of polyethylene have issued a $.05/lb increase for next month. For the downtrend to reverse, fundamentals will need to shift which will result in a month or two of flat pricing.
With market downturns and fluctuation, it is important to have an insider look into the industry that can keep you from losing money. There are resin procurement firms that can assist you in purchasing resins and additives. This helps to take the hassle and pressure off of you, by allowing you to focus on more important operations.
Resin Procurement Services
Whether you are looking to simply buy resin and additives or if you are looking supplement the expertise of your company, it is important to use a resin procurement firm to assist you. It is more than likely if you have been buying on your own, that you have lost money. Procurement firms have relationships with suppliers which can in turn lower your cost. By helping you lower your supply chain costs, this type of firm may be able to help you regain money lost while you were buying independently.
In addition to reduce supply chain costs, these procurement services can help you identify risks in your supply chain, help you optimize sales prices, and can even assist you with investing in the plastics industry.
