PetroChem Wire: Recycled HIPS prices lower

PetroChem Wire: Recycled HIPS prices lower

May 28, 2014

HIPS regrind prices are down 2 cents per pound at the end of May from mid-month as buying has dried up.

Large-volume buyers have dropped the price they are willing to pay to 49 to 51 cents per pound, netted to FOB East Coast terms, down from 51 to 53 cents per pound. End-May HIPS pellet prices are down 1 cents per pound because demand has slowed from plants that use pellets to make new equipment and parts. HIPS mixed colors pellet quotes are less than 70 cents per pound in late May.

With prime HIPS prices steady all month at $1.07 per pound, sellers of regrind and pellet have been unable to argue for rising prices for their recycled material. Some plants using HIPS (and GPPS) prime polymers as their major feedstock continue to try to substitute other polymers when possible due to styrene's higher price.

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.

SDS Banner

To return to the Plastics Recycling Update newsletter, click here

.

.