PetroChem Wire: rPET prices rise in March
By Editorial Staff, Resource Recycling
Per-pound recycled PET FDA clear pellet prices rose a penny in early March, following higher bale and prime prices.
FDA clear pellet was sold as high as 84 cents per pound, with one seller offering firm at 82 cents per pound. Post-consumer PET scrap bales were selling at 20-21 cents per pound for East Coast markets, which was up 1-2 cents from February. West Coast bales were 2-3 cents higher in first-half March versus February.
Recycled PET regrind prices held steady during the first couple of weeks of March, with balanced supply/demand indicated for most grades. Chopped strapping green sold at 25 cents per pound, unchanged from February, but offers were as high as 28 cents per pound. Staple fiber green flake was offered at 44-48 cents per pound and green bottled regrind was sold at 50 cents per pound.
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