PetroChem Wire: Recycled PS Prices Fall in Late 2013

PetroChem Wire: Recycled PS Prices Fall in Late 2013

Recycled GPPS pellet prices dropped a penny at the end of December from mid-month, reflecting a year-long trend.

Environmental and regulatory concerns continue to threaten polystyrene use in the food packaging industry, contributing to recycled GPPS natural pellets being offered at 43 to 45 cents per pound FOB in second-half December, compared with prices closer to 48 cents per pound at the end of September and business done at 56 to 58 cents per pound a year ago.

Meanwhile, in the prime polystyrene market, prices have been strengthening due to tight spot supply. Prime GPPS, which sold at 91.5 to 92 cents per pound in late November and very early December, ended December at 96 cents per pound.

In the HDPE realm, prices for recycled HDPE frac melt dairy natural pellets and HMW film pellets were down a penny in mid-December due to surplus year-end supply and weak demand.

Quotes were mostly 62 to 65 cents per pound FOB East Coast for dairy, with some low-volume business done a penny or two higher. The HDPE regrind market for fractional melt mixed color material also fell a penny, with offers at 40 cents per pound meeting little buying interest.

In the prime polyethylene market, U.S. Gulf spot blow molding HDPE fell 0.5 cents per pound to 73.5 cents per pound in the first half of December.

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 cindy@petrochemwire.com or (713) 385-1407.

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