05 October 2011 22:29 [Source: ICIS news]
MEXICO CITY (ICIS)--Prices for reprocessed engineering plastics are high because of tight supply and strong demand, a US-based recycler said on Wednesday.
As plastics transformers increase in-house recycling, less resin is available for global trading, according to H Sattler Plastics, which made the comment on the sidelines of the 17th annual Plastimagen plastics exposition and conference.
Expensive virgin material lent additional price support for recycled resins earlier in 2011, H Sattler Plastics said.
However, the company is projecting lower prices for recycled plastics into the fourth quarter and in early 2012, because virgin resin prices are weakening.
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