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California PET bale prices rise on seasonal demand
HOUSTON, May 3, 2016 (PCW) -- Prices for PET scrap bales in California were higher Tuesday following a bid offering sale. Demand is rising as PET bottle and packaging manufacturers increase production with the arrival of the warm weather season.
Grade A PET bales comprised of bottles from Golden State redemption centers sold at 15,25 cpp, FOB Long Beach, up 0.25 cpp from a week ago. Grade A bales FOB Oakland sold at 14.75 cpp, also up 0.25 cpp.
Grade B PET bales, from curbside collection of PET bottles and containers and other sources, sold at 12.21 cpp FOB Long Beach, up 0.54 cpp, and 12.08 cpp FOB Oakland, up 0.5 cpp.
Grade A bales typically carry a PET yield of 94% or higher. Grade B bales can have PET yields as low as the low 60% level and are often exported. -- Xavier A. Cronin
For more pricing and news on PET bales, prime PET and recycled PET, get a trial to PCW's PET Daily by writing Janet Link at firstname.lastname@example.org or 201 686-5161