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Recycled PP pellet prices on the move

Entering 2024, North American prices for post-industrial polypropylene have continued to increase, while post-industrial polycarbonate regrind and pellets have decreased slightly.

Recycled PP had seen price decreases in the first half of 2023 due to a lack of demand, but then began to increase during the third quarter.

On average, recycled PP pellet prices have increased 9 cents per pound, according to sources in discussion with Plastics News. That brings the current range to 45-47 cents. These changes are shown on this week's PN resin pricing chart.

A source in Pennsylvania said post-industrial PP is impacted by pricing for wide-spec virgin resin, which in turn is impacted by polymer-grade propylene prices. The source said recycled PP prices have been up for four or five months.

Prices have been increasing because there has been less wide-spec available in the market. The market is still recovering from the drop in demand, as prices in 2022 for recycled PP were higher.

"We've seen a softness in the market over the last six months, but it's starting to pick back up," said a recycler in Ohio.

Decrease and a correction for polycarbonate

Recycled PC has been slightly decreasing or flat over the last 12 months. There was a steady decline from the end of 2022 to mid 2023 and has been mostly flat since then.

PN is also correcting its pricing chart to better reflect the state of recycled PC and show the current average 2 cent decrease in the market.

The new pricing range for clear industrial regrind is 66-71 cents, mixed colors industrial regrind is 42-47 cents and mixed colors pellets is 48-53 cents.

For 2024, recycled PC is expected to have a slight increase within the next five to six months. Sources estimate the increase to be less than 5 cents per pound.

* Source : https://www.plasticsnews.com/resin-pricing/recycled-polypropylene-polycarbonate-move-early-2024

* Edit : HANDLER