High impact polystyrene regrind prices fell the second week in March, pushed lower by excess availability and static prime polystyrene pricing.
White regrind sold at 33 to 34 cents per pound delivered Midwest, with mixed color 2 cents lower. U.S. recycled HIPS supply is abundant, reflecting lower demand from China for U.S. HIPS scrap and regrind.
In the U.S. prime polystyrene market, prices were being held at a rollover in March, following a 2 to 3 cents per pound drop in February. The recent uptick in benzene and ethylene spot markets, however, was feeding speculation of an increase of 3 to 4 cents per pound in prime polystyrene prices for April.
For a free trial to PCW’s Weekly Recycled Plastics Report or Daily report on prime resins monomers and NGLs visit the PetroChem Wire website at petrochemwire.com. You can also contact Cindy Bryan at [email protected] or (713) 385-1407.