PetroChem Wire: Higher supply pushes East Coast rPET prices lower
By Editorial Staff, Resource Recycling
Recycled PET pellet prices were down about a penny in early June compared with the previous month on a continued oversupply.
FDA pellet clear sold at 79-81 cents per pound. On regrind, PET clear bottle prices were steady at 59-61 cents per pound. PET staple fiber clear flake prices were up about a nickel, however, due to some spot shortages on the U.S. East Coast, and business for that grade was done at 45-47 cents per pound FOB USEC in early June.
Some spot prime bottle resin sold in early June around 83-85 cents per pound FOB USEC railcar quantities, down a penny from May. Prices for PET bales (bottles) curbside fell by 1-1.5 cents in early June, with East Coast business done at 17-18 cents per pound. Reduced demand for export to China is adding to supply availability in the U.S.
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