24 October 2013 22:10 [Source: ICIS news]
HOUSTON (ICIS)--West coast bottle bale prices for US recycled polyethylene terephthalate (R-PET) may be softening, a source said on Thursday.
Although prices for R-PET remain stable in the region, the seasonal fourth quarter slowdown is starting to impact prices on the west coast.
Current bottle bale R-PET prices for the west coast are assessed at 28-32 cents/lb ($617-705/tonne, €450-515/tonne). However, nothing at the high range has moved in the last several weeks, several sources said.
“No one has gotten 32 recently,” a source said. “That range is still accurate, but I suspect there may be decrease in the future.”
The source added that bottle bales prices on the west coast are at an average of about 30 cents/lb.
Indications in recent weeks are that R-PET demand in the US may be stable-to-soft. The end of the US beverage season – typically the summer and early autumn months – has led to a decrease in demand, sources said.
($1 = €0.73)
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