PetroChem Wire: Recycled HIPS prices move higher
By Editorial Staff, Resource Recycling
Steady demand and limited supply supported stronger repro and regrind HIPS prices in the first half of November.
HIPS mixed color flake material sold for 59 cents per pound, delivered, on the East Coast — up two cents per pound from October. HIPS mixed color pellet prices were also up 2 cents and were as high as 72 cents per pound. GPPS prices were static, with little business reported in the first two weeks of November. Quotes of GPPS natural pellets were at 58-60 cents per pound, with no buying interest at this level.
Higher styrene prices continued to put upward pressure on prime HIPS prices, which rose a total of three cents per pound during first-half November to above a dollar per pound.
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