Author: Deanne Toto
Plastic scrap prices continued their descent in July as supply outpaced demand for polyethylene terephthalate (PET), high-density polyethylene (HDPE) and polypropylene (PP) recovered at material recovery facilities (MRFs) in the U.S. A reprocessor based in the Southeast says natural HDPE bales have been selling in the low 30-cents-per-pound range as of mid-July, which represents a decline of 50 cents per pound over a five-week period. Mixed-color HDPE bales were selling for 8 cents per pound, down from nearly 20 cents per pound just a few weeks ago.