PetroChem Wire: Recycled polypropylene prices decline
By Editorial Staff, Resource Recycling
Per-pound prices for both recycled polypropylene pellets and flakes dropped at least 4-5 cents in May, reflecting declining feedstock costs.
Expectations are for continued softness in the polypropylene market in June. Late May delivery black HoPP pellets sold last month for 61 cents per pound, down about 5 cents from April. Regrind prices were reported down 2-3 cents per pound in late May, with HoPP black flake around 45-47 cents per pound and CoPP black flake near 48-50 cents per pound.
Prices for prime polypropylene are under continued downward pressure due to the weakness in the propylene market. This could result in more price softness for recycled PP. Contract prices for propylene feedstock fell 15.5 cents per pound in June following a 10-cent drop in May. Prime polypropylene spot prices are averaging 56-57 cents per pound railcar FOB Houston in early June, down from 61-63 cpp in late May.
For more information about PetroChem Wire's Repro/Regrind Resin Report and daily prime grade polymers and monomers report, or to arrange a free trial subscription, contact Cindy Bryan at email@example.com or (713) 385-1407. To see sample issues of PCW publications, click here .