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Recycled PET price up, scrap bales down, spread at two-year high
HOUSTON, July 30, 2018 (PCW) -- Curbside PET bales in markets east of the Rockies were done last week at 16-17 cpp on an FOB basis, down 1 cpp from the previous week. This plastic scrap is the main feedstock for clear rPETr FDA pellet, which was done at 69-71 cpp FOB US South and Midwest, up 1.5 cpp.
Demand for rPET pellet from bottle and packaging manufacturers is rising due to calls to increase recycled plastic in bottles, other containers and packaging. At the same time, higher collection rates of plastic recyclables at many municipalities throughout the US are keeping curbside PET bale prices steady or pressuring them lower.
The graph above shows the price spread between bales and pellet—a two-year high. -- Xavier A. Cronin
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