PetroChem Wire: Recycled PET weakens in October

PetroChem Wire: Recycled PET weakens in October

By Editorial Staff, Resource Recycling

PET scrap bale prices were down 2 cents in early October, to about 18.5 cents per pound, reflecting weaker demand as consumers work down inventories. The result was some downward price pressure on pellet and flake material. Green regrind for strapping sold for 42-43 cents per pound in early October, down a penny from September.

In the repro market, PET FDA clear sold in early October at September's range of between 78.5-81.5 cents per pound. Demand for PET regrind from Chinese buyers remained weak as consumption of plastic products produced in China has dropped this year versus 2011. U.S. spot ethylene prices slid 5-6 cents per pound during first-half October.

For more information about PetroChem Wire's Repro/Regrind Resin Report and daily prime grade polymers and monomers report, or to arrange a free trial subscription, contact Cindy Bryan at cindy@petrochemwire.com or (713) 385-1407. To see sample issues of PCW publications, click here.

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