PetroChem Wire: HDPE pellet prices see steady rise

PetroChem Wire: HDPE pellet prices see steady rise

May 23, 2014

HDPE frac-melt dairy natural pellets, at 75 to 80 cents per pound FOB U.S. East Coast, were up 2 cents per pound in early May.

Prices started the year at 61 to 64 cents per pound, but higher bale costs contributed to a steady rise in recycled resin pricing. Price for HDPE post-consumer scrap bales, natural curbside bottles, rose 1.5 cents per pound in the first half of May to 48.5 to 49.5 cents per pound, FOB shipping point. That’s a 36 percent rise in scrap prices since the start of the year and reflects tight supply and rising demand.

In prime polyethylene, operating issues and planned turnarounds provided support to the market so far in May. HDPE blow molding closed in a range of 77 to 77.5 cents per pound during the first few weeks of the month.

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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