With manufacturing demand in the doldrums, business is slow for recyclers; but the low prices could be good news for processors seeking a bargain. That is, if you can find recycled material at all.
Lower crude oil prices in recent weeks were expected to lead to lower virgin resin prices, which should bring down prices of recycled resins as well. But all bets are off until the damage from Hurricane Ike can be assessed.
These days, everyone is talking about being “green.” That spurs recycling activity, which should mean more availability of recycled material and lower prices. But the other side of the coin is growing demand for reclaimed plastics. ArticlePublished: 7/1/2008
Recycled products are in hot demand as virgin resin prices continue to escalate. As a result, recycled PS prices have gone up 3¢ to 8¢ over the past year, and recycled PVC in some markets has risen up to 10¢/lb. Still, recycled material remains more... ArticlePublished: 12/1/2007
In recent months, virgin resin markets began to slacken in tandem with slower housing starts and automobile sales. While recycled resin markets were not affected immediately, they are now starting to feel the slowdown, at least in PET and HDPE.
After a spring of soft prices, signs point to firming and possible increases ahead. Housing starts are down, but automotive manufacturing seems to be holding its own. Both markets are big users of recycled plastics. Stronger prices for virgin resins... ArticlePublished: 7/1/2006