HDPE fractional melt homopolymer natural (dairy) pellet prices, which hovered just above 70 cents per pound since mid-June, fell 5 cents per pound to a range of 65 to 71 cents per pound FOB southern U.S. last week.
That price range was last seen in mid-April.
The price decline was attributed to a lower HDPE natural bale sale by The Solid Waste Authority of Palm Beach County on July 28 at 35 cents per pound and subsequent bale business at 32 to 34 cents per pound FOB U.S. South.
Meanwhile, in the prime HDPE market, prices were beginning to firm. July HDPE blow molding traded at 47 cents per pound railcar FOB Houston early last week but availability dried up.
Bids were then seen for dairy grades at 48 cents per pound railcar FOB Houston, with offers discussed at 48 to 49 cents per pound.
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