The recent decrease in crude oil prices to the lowest levels since August 2016 is already affecting prices for aromatic petrochemicals such as benzene, as well as the plastics derived from them.
HDPE HMW regrind was sold last week at 24 to 25 cents per pound picked up U.S. Southeast and 32.5 to 35 cents per pound picked up at locations in New Jersey, indicating a two-tiered market split into geographical regions.
Prices for curbside PET bottle bales with a PET ratio of 73 percent to 93 percent rose last week by 1.5 cents per pound to 15 to 17 cents per pound picked up in locations in Michigan, Ohio, Texas and the U.S. East Coast and Southeast.
U.S.-produced bottle-grade prime PET prices fell 2.5 cents per pound last week in response to a surplus of domestic resin and imported PET with an intrinsic viscosity of 78 milliliters per gram or higher. Continue Reading
HDPE frac-melt mixed colors regrind from post-consumer and post-industrial scrap sold April 21 at 42 cents per pound picked up U.S. South, up 3 cents per pound from business done in early April.