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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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California Grade A PET scrap bales done in bid offering at 15 cpp

HOUSTON, January 9, 2018 (PCW) -- Grade A PET bales, from California redemption centers, were done on Tuesday in a bid offering at 15 cpp FOB Long Beach, down 0.2 cpp from the previous sale on Dec 19. Grade A bales FOB Oakland were also done at 15 cpp, unchanged. The next bid offering is set for Jan 23.

Golden State Grade A bales a year ago were 17 cpp. Prices are down, for one, due to less demand from China, which has curbed imports of plastic scrap through its National Sword pollution/rubbish control program.

Grade B PET bales, from curbside collection and other PET scrap sources, were done at 8 cpp FOB Long Beach and Oakland, up 0.2 cpp. -- Xavier A Cronin

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