PetroChem Wire: Recycled PE pellet prices rise in April
By Editorial Staff, Resource Recycling
Prices for PE repro grades rose again across-the-board in April, but flake pricing stayed flat, according to PetroChem Wire's latest Repro/Regrind Resin Report. Both pellet suppliers and producers said prices were up between one and two cents per pound for most grades of reprocessed PE. Demand, however, was said to be modest as a number of consumers worked off inventories.
HDPE fractional melt pellets rose to the mid-60 cents per pound range for natural and black material, and just under 60 cents per pound for mixed color. Black and natural fractional melt flake prices for April held in the upper 40s to low 50s cents per pound.
In the prime PE market, buying activity slowed while offer activity increased as April came to a close. Small amounts of price erosion were seen in some grades. April contract prices were reported to be flat from March. One supplier postponed a seven cent May price increase through June, while others planned to postpone three to four cents per pound of the May increase until June.
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