July has seen sweeping drops in the value of PET, HDPE and PP, according to the latest pricing survey.
The national average price of post-consumer PET beverage bottles and jars plummeted 30% this month and is now trading at an average of 26.16 cents per pound. That compares to 37.50 cents per pound this time last month. Some regions are still trading as high as 35.00 cents per pound for spot loads, but others are offering as low as 15.00 cents. PET was trading at 23.55 cents one year ago.
The price of natural high-density polyethylene (HDPE) from curbside collection programs is also down by double-digit figures. Natural HDPE is selling for an average of 46.75 cents per pound, a 17% reduction from 56.19 cents last month. The price was 106.34 cents this time last year.
Color HDPE is down even more, having declined by 25%. This grade is now trading at 22.03 cents per pound. It was 29.28 cents this time last month. It averaged 56.78 cents one year ago.
The national average for polypropylene is down 27%, trading at 24.94 cents per pound. It was 34.13 cents last month and 39.22 cents one year ago.
Lastly, film prices have also been more consistent lately.
The national average for Grade A film is now at 22.56 cents per pound, compared to 22.94 last month and 18.81 cents one year ago.
Grade B film is still 8.19 cents, compared to 7.50 one year ago.
Grade C film is still averaging 1.13 cents per pound.
These prices are as reported on the Secondary Materials Pricing (SMP) Index. This pricing represents what is being paid for post-consumer recyclable materials in a sorted, baled format, picked up at most major recycling centers.