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.
Florida lawmakers vote to remove roadblocks for plastics conversion efforts, and Envision Plastics announces it will source millions of pounds of material from regions prone to generating ocean plastics.
Virgin and recycled PP prices will likely remain above historical averages until additional prime PP capacity comes on-line in the next couple of years, a markets forecasting expert said.
Demand for HDPE scrap bales retreated a bit in early April following a mid-March surge. This lackluster demand, coupled with rising bale supply from major population centers, drove scrap prices lower.
Drones patrol Britain’s beaches in search of shoreline plastics, and prices rise in the U.S. for recovered HDPE and PET.
How can recycling players be sure their material choices aren’t damaging other links in the recovery chain? One industry collaboration has developed a resource to help.