Plastic reclaimers grapple with ‘rock bottom’ pricing

Source: https://resource-recycling.com/recycling/2023/08/28/plastic-reclaimers-grapple-with-rock-bottom-pricing/

Author: Jared Paben

Recycled plastics prices are at their lowest levels in some time, putting significant strain on material processors. Meanwhile, some resin buyers are abandoning post-consumer resin to purchase virgin plastic instead. The lower prices can be seen in the scrap bale market and, to varying degrees, in the recycled resin market.  “The price of resin has definitely dropped significantly and it all boils down to supply and demand,” noted Tony Moucachen, who leads a family of plastics recycling companies, including prominent Pacific Northwest reclaimer Merlin Plastics.