Latest news stories from PetroChemWire: PET Bale Price Rises on US East Coast, Declines on West Coast

PET Bale Price Rises on US East Coast, Declines on West Coast

By PetroChemWire

May 23, 2016

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Source: PetroChemWire
Latest news stories from PetroChemWire: PET Bale Price Rises on US East Coast, Declines on West Coast

PET bales from bottles and containers collected curbside were sold at 11-11.5 cpp FOB US East Coast late last week, up 0.75 cents due to tighter supply in some regional markets. Meanwhile, bale prices were softer on the US West Coast. California supply outstripped demand and Grade A bales were done at 14 cpp to just over 15 cpp FOB Long Beach, down 0.5 cpp.

The market for prime PET is responding to higher feedstock costs and seasonal demand. Prime bottle grade material, sold on a delivered Midwest rail basis, was reported moving last week at 59-60 cpp versus roughly 55 cpp earlier in the month.

For a free trial to PCW’s Weekly Recycled Plastics Report, Weekly PVC & Pipe Report or Daily Report on prime resins, monomers and NGLs visit the PetroChem Wire website at www.petrochemwire.com. You can also contact Cindy Bryan at [email protected] or (713) 385-1407