PetroChem Wire: Slight increase in June recycled polypropylene prices
By Editorial Staff, Resource Recycling
CoPP and HoPP pellet prices rose two cents per pound in early June on steady demand, with CoPP black selling as high as 52 cents FOB.
Meanwhile, a large-volume supplier reported sales as high as 64 cents per pound delivered to the Midwest, East Coast and parts of Canada, steady on late May prices. On regrind, CoPP black sold at 35-37 cents per pound in early June, up a penny from May, while HoPP mixed color was unchanged at 32-35 cents per pound.
In the prime PP market, spot availability remained very tight through the third week of June, but there were indications that supply would loosen going into July. Relatively heavy buying in May and June was attributed partly to pre-buying activity. Spot injection grade HoPP was reported around 77 cents in the domestic U.S. market in late June.
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