PetroChem Wire: rPET prices pressured lower in April
By Editorial Staff, Resource Recycling
Oversupply of prime PET, PET pellets and PET scrap bales exerted downward pressure on rPET prices in the first half of April.
The only exception to the weakening trend was FDA clear pellets, which was unchanged around 80-83 cents per pound. Most PET regrind prices fell 2 cents per pound in the first half of April as some buyers were reported to be waiting for demand to increase from their pellet customers before committing to April flake PET deliveries. Strapping green regrind fell 2 cents to 35-37 cents per pound. PET scrap bales, post-consumer mixed color, fell between 0.5-1.0 in April to 20 cents per pound FOB East Coast. Southern California PET bale prices are around a nickel higher.
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