Dear Valued Customer,
Effective June 1, 2018, Stein Fibers, Ltd. will increase the price of all polyester staple fibers produced at our US manufacturing sites by $0.03/lb.
The virgin PET polymer chain continues to face significant rising costs. This increased price pressure pushes demand higher on recycled PET raw materials due to non-traditional industries entering the recycled PET market.
We understand the impact higher prices have on our customers and downstream markets. We will continue to monitor the situation and advise of any future changes that may affect your business.
We sincerely appreciate your continued business and your understanding of this situation. Your sales person will be in contact shortly to answer any questions regarding this announcement.
Stein Fibers, Ltd.