PetroChem Wire: PS scrap prices down in September
By Editorial Staff, Resource Recycling
Recycled HIPS pellet prices have been steadily weakening this year by an average of roughly a penny per month as environmental concerns limit consumption in some markets.
Recent offers of HIPS white pellet at 69-71 cents per pound FOB U.S. East Coast met limited interest. On regrind, HIPS black was offered at 47-49 cents per pound, unchanged from August. PS scrap sheet prices were down a penny in early September, with offers at 37-39 cents per pound FOB U.S.East Coast.
In the prime spot polystyrene market, U.S. Gulf HIPS prices rose a penny to $1.01 in the first week of September, but then stabilized last week. Producers of prime material nominated a 3 cent increase for September HIPS and GPPS, seeking to keep pace with rising benzene costs.
For a free trial to the Repro/Regrind Resin Report or to see sample issues of all PCW reports visit the PetroChem Wire website at www.petrochemwire.com. You can also contact Cindy Bryan at firstname.lastname@example.org or (713) 385-1407.