PetroChem Wire: Recycled PET prices hold steady in late May
June 5, 2014
Relatively balanced supply and demand kept U.S. recycled PET flake and pellet prices stable in May.
The price for PET clear, high-grade flake hovered in the 60 to 65 cents per pound range from mid to late-May. Recycled PET pellet, clear FDA grade, ended May up a half cent per pound at 79 to 81 cents per pound.
In the spot prime bottle-grade PET market, product delivered Midwest via rail, dropped 1.5 cents per pound to 70 to 71 cents per pound in the second half of May due to over-supply of both domestic and import material. Prime PET prices in the U.S. are down nearly 10 percent, or 7.5 cents per pound, since the beginning of the year.
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