Pet Film Price Increase

Posted on March 1st, 2017, by: , Founder, President & CEO, Filmquest Group, Inc.

To our valued customers and partners, The Filmquest family is always grateful for your business, commitment, trust and the support that you have placed with us over the years, including some very difficult ones in the past.

We have continued to see costs for raw material spike along with a growing global economy increasing demand for polyester film. The graph below illustrates this spike over the last quarter. In direct response to this raw material surge, all polyester film manufacturers, off-shore and domestic, have raised prices in the past 2 weeks and unfortunately, we cannot absorb this much needed industry wide price increase.

February 10, 2017
“Hopewell, VA – Effective with shipments on March 1, 2017 and later, DuPont Teijin Films US Limited Partnership will increase prices on all Mylar® and Melinex® film grades by $0.10/lb.

February 14, 2017
“As an industry professional, we’re sure you, as well as Flex Films, were disappointed to see that feedstock prices have been escalating for several months. The increase in raw material prices and other costs have significantly challenged our ability to deliver PET films to you at current price levels. Rather than sacrifice our product quality or reduce service levels, we have reluctantly determined a price increase is required. To maintain our high level of quality and service, we are compelled to implement an increase of 9 cents/lb. on all our PET film products with effective date March 01, 2017 or as contracts permit.”

February 14, 2017
“Please be informed that SKC, Inc. is increasing prices on all SKC PET films. The increase is a minimum of $0.10/lb. effective with shipments on or after March 1, 2017. This price adjustment is due to rising raw material costs and increasing demand.”

February 17, 2017
“Greer, SC – Due to rising raw material costs as well as increasing demand, Mitsubishi Polyester Film, Inc. is announcing a price increase on all Hostaphan® films. The increase is a minimum of $0.10/lb. and is effective on all shipments beginning March 1, 2017.”

February 18, 2017
“JBF Americas Inc. is adjusting prices with a $0.10/lb. increase for all grades of JBF BOPET films effective March 1st, 2017, or as contracts permit. The action has been necessitated by the significant rise in the cost of the raw materials.”

February 21, 2017
“Due to rising costs in the production of PET film products, including both raw materials and other operating costs, Toray Plastics (America) is announcing a $0.10/lb. price increase on all PET films effective with shipments on or after March 1, 2017.”

February 27, 2017
“Please note that effective March 13, 2017 shipments, Polyplex USA LLC shall increase its prices for Sarafil Polyester Films by $0.10/lb. This increase is directly linked to rise in raw material prices, energy costs and an improved demand.”

Therefore effective with shipments on or after March 31, 2017, prices will be increased on all Questar Polyester Films by $0.10/lb. Price protection will be available only for new orders placed with delivery dates before March 31, 2017. We would encourage you to contact us with any questions you may have concerning your specific film requirements either standard or our value added films.

Once again, we appreciate and thank you for your business and the opportunity to continue supporting your company’s efforts in the marketplace any way we can.

Sincerely,

John Felinski President / CEO

PET Film Feedstock Price Chart Illustration: Raw material prices spike over the last quarter.
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Filmquest Group Inc.