During the past year, the national average price of post-consumer PET beverage bottles and jars rose steadily by 68 percent, from 8.6 cents per pound in March 2016 to the current 14.5 cents per pound.
In December 2016, the year-end national average PET price was 10.7 cents per pound. The first four months in 2017 yielded a price increase of 36 percent for this grade, averaging a 9-cent increase per month.
Most PET end users are predicting that the present market price range for this grade will remain strong during the second quarter.
Meanwhile, the national average price of post-consumer natural high-density polyethylene (HDPE) from curbside collection programs has dropped 39.4 percent over the past month, from 32.9 cents per pound mid-April 2017 to the current 23.6 cents per pound.
These above prices are as reported on the Secondary Materials Pricing (SMP) Index. This pricing represents what is being paid for post-consumer recyclable plastic materials in a sorted, baled format, picked up at most major recycling centers.
For a free trial to the Secondary Materials Pricing (SMP) Online Post-Consumer Plastics Pricing Index, visit the Recycling Markets website. You can also contact Christina at [email protected] or 330-956-8911.