To meet California’s 15% PCR rate by 2022, U.S. reclaimers need an aggregate additional output of 800,000 tons of food-grade post-consumer PET and PE. | monticello/Shutterstock
A report from Independent Commodity Intelligence Services found that there’s not enough post-consumer resin in the U.S. market to meet California’s mandates, and there are more state mandates coming on-line soon.
All grades of commonly sorted curbside plastic experienced substantial price increases this month.
The national average price of post-consumer PET beverage bottles and jars moved up by 17% this month. The per-pound price is now averaging 39.22 cents, compared with 33.42 cents per pound this time last month. Some regions are trading as high as 49.00 cents per pound. PET was trading at 12.03 cents one year ago.
Natural high-density polyethylene (HDPE) from curbside collection programs is up 13%, now at an average 53.72 cents per pound. This compares with 47.47 cents last month. The price was 83.72 cents this time last year.
The national average price of color HDPE is up 12%, now trading at 28.94 cents per pound, compared with 25.75 cents last month. This grade averaged 31.94 cents one year ago.
Polypropylene (PP) is also selling for more money this month. The price is averaging 34.56 cents per pound, up 17% from last month’s average of 29.44 cents per pound. PP was 29.69 cents one year ago.
A couple of film grades are also experiencing rising values this month. The national average price of Grade A film is up 3%, at 21.13 cents per pound. This grade was trading at 15.63 cents one year ago.
Grade B film is now 7.44 cents, compared with 5.63 one year ago.
Grade C film is still averaging 0.81 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.
For a free trial to SMP’s Online Post-Consumer Pricing Index, visit the Recycling Markets website. You can also contact Christina Boulanger-Bosley at [email protected] or 330-956-8911.
In a session moderated by Roxanne Spiekerman (left), resin markets experts Marcelo Wasem (center) and Joel Morales (right) presented their analysis to attendees at the 2022 Plastics Recycling Conference. | Brian Adams Photo/Resource Recycling, Inc.
Post-consumer HDPE and PP prices have been hot lately, and they’re likely to stay that way given consistently strong demand and relatively slow supply increases, according to one market expert.
Greg Johnson, Evergreen’s general manager of resin and recycling, presents at the Plastics Recycling Conference last week. | Brian Adams Photography
When private equity fund The Sterling Group acquired Evergreen, staff at the PET reclaimer were nervous, Greg Johnson included.
According to a national pricing index, the value of scrap PET, color HDPE and PP bales all surged of late, with increases in the double-digit percentages.
Trex reported total sales revenues of $1.2 billion last year, up 36% from the year before. | Vojtaz/Shutterstock
Trex, which recycles over 350 million pounds of PE film scrap a year, dramatically boosted its sales and profits in 2021.
EFS-plastics will open a second facility to expand recycling capacity while keeping the company’s carbon footprint as low as possible. | Courtesy of EFS-plastics
Driven by demand for polypropylene and polyethylene, plastics recycler EFS-plastics is opening a processing site in Lethbridge, Alberta.
Plastics being handled at Republic Services’ existing materials recovery facility (MRF) in North Las Vegas, Nev. The company’s Polymer Center will be sited seven miles from the MRF. | Courtesy of Republic Services
North America’s second-largest hauler and recycling processor is constructing a facility in Las Vegas that will produce recycled PET flake and provide a deeper sort of recovered olefins.
Volatile pricing in resin markets has presented challenges for Advanced Drainage Systems over the past year. | Chris Tennant/Shutterstock
Using recycled plastic is good business for Advanced Drainage Systems, but recent reports and interviews make clear that it’s not always painless.
February has brought substantial price increases for curbside PET and PP, with both up by double-digit percentages.