To all of our valued Customers, we feel an utmost responsibility to advise you as soon as we learn of any impending changes to our markets. That said, please be advised that all market indicators, combined with confirmation from our resin sources, suggest that March polypropylene resin pricing will close, UP another $.05 to $.07/lb. [That’s greater than 30% in total, over the last 6 months!] Unfortunately, we do not see the summit yet, and these circumstances will once again force another price increase for April, with further uncertainty for the balance of the second quarter.
Now is the time to contact your Fabpro representative for any buying opportunities, or with any questions you may have.
The “Normal Market” as we all remember it, simply doesn’t exist anymore, and radical pricing swings may have become the new norm. Fortunately, we’ve weathered this type of storm before [2008], and together we can do it again!
Please know, we sincerely appreciate your business and your continued confidence!
Warmest regards,
David L. Anderson
VP – Sales, Marketing & Business Development