PetroChem Wire: Recycled PP prices stable-to-weaker in March
By Editorial Staff, Resource Recycling
Prices for some grades of reprocessed copolymer and homo polymer polypropylene are slightly lower in March due to bloated supply.
CoPP black pellet sold at 58 cents per pound, down from February highs done at 60 cents per pound. But a high-volume supplier of CoPP black pellet sold in the first two weeks of March at 65-68 cents per pound, at parity with February prices. On regrind, HoPP mixed color was offered at 45 cents per pound, delivered in the first half of March.
March repro and regrind PP prices have been unaffected by the prime PP price increases seen in January and February, which in some cases were more than 20 cents per pound. This is due to recently increased availabilities of both prime and recycled polypropylene.
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