PetroChem Wire: Recycled PP prices rose in January
By Editorial Staff, Resource Recycling
Prices for CoPP and HoPP repro were higher by at least a penny in January due to seasonal demand. Black HoPP repro was reported around 43-44 cents per pound, with CoPP black repro closer to 50 cents per pound.
In the regrind market, HoPP black and mixed color remained at parity, selling as high as 37 cents per pound, up a penny from late December. Prime PP prices trended higher following the settlement of January monomer contracts at a 15 cents per pound increase. One PP supplier had scheduled a 6 cents per pound increase to take effect Jan. 15, on top of a 12.5 cent increase announced for Jan. 1. February increases were also expected in the prime market.
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