PetroChem Wire: Recycled polystyrene prices down a penny in March
By Editorial Staff, Resource Recycling
Recycled HIPS and GPPS prices fell a penny in March as demand weakened and some end-users continued to look at substitute material, including rPET and prime PS, which showed signs of softening.
GPPS natural/clear pellet was offered at 58-60 cents per pound and HIPS MC was offered at 71-73 cents per pound, but were met with little interest from would-be buyers in late March. On regrind material, GPPS black was offered at approximately 41-42 cents and also met with tepid buying interest. HIPS MC regrind was offered at 57-59 cents per pound, down a penny from February offers. In the prime polystyrene market, U.S. prices held steady in March but demand was sluggish as buyers focused on the prospect of lower prices to start the second quarter. Contract discussions had not begun in earnest in the final days of March though.
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