Recycled Resin Prices May Cool Down in October

摘要

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.Recycled PP,PE,and PS were much in demand over the summer and into September.HIPS prices are up about 2/1b and crystal PS up 4 in the last three months.Said one scrap buyer,"Since manufacturing is down,you'd think the market for recycled plastics would be soft.But with less manufacturing,the scrap supply also is down."We can sell whatever scrap we get-we just can't find material."