February 2023 News for Overwraps
LLDPE resin prices increased by about 3% in February for North America.
In Europe, LLDPE resin prices continued to soften although we expect higher prices by March
Asian LLDPE resin prices moved upward in China and Southeast Asia in February.
2023 Forecast Update Highlights
L/LLDPE resin prices had declined through much of the latter part of 2022 but the trend has come to an end.
Resin in all regions will be higher but Latin America will experience the most inflation in 2023 because pricing in the region has been more depressed in the area over the past several months.
Pack Trax has begun tracking and reporting on EVOH and Nylon.
Pack Trax Flexible Packaging Reporting
We report flexible packaging films more thoroughly than any other source. PE films for all types of over wraps and sealant films are reported each month for captive and market film purchases by packaging converters.
Examples of data unique to Pack Trax
Extensive resin price tracking using actual prices paid rather than inflated indices or reference prices
Vertically integrated and market film price reports
Cost improvement recommendations
Specification management advice
Flexible Packaging Cost & Optimization Models
Pac Pro cost and optimization models are a highly effective
procurement tool. Models are simple to use and drop down
menus allow the user to simply select a variety of structures from
simple to complex with a click. Virtually all types of substrates
and adhesives can be selected from drop down menus.
Units of measurement are easily selected which allows you to
build models for units, M units, MSI, MLF etc. European structures can also be selected. Pouches can also be modeled.
The optimization module and our extensive User Guide helps you to breakdown your packages down by individual cost driver and optimize each driver to place you in a position to lead supplier performance management.