Plastic Market Monthly: PET Pricing Update
According to Townsend's Plastic Market Monthly Report, bucking previous industry predictions of
continuing rising costs, PET resin prices headed downward again after only a slight upturn in September. This is mostly due to lower feedstock costs and lower demand. All indications are that prices will continue to decline for the short term. The PMM’s volume-weighted-average for PET in October decreased 2.9 cents-per-pound, C-PET saw a 3.6 cpp decrease while all other grades, Bottle, A-PET and Wide-Spec, experienced decreases ranging from 2.5 to 2.7 cpp.
Recent increases in PET recycling may have an impact on the virgin resin market in due time. After staying flat for two years, the volume of PET bottles recycled in the U.S. in-creased in 2010, pushing the recycling rate close to 30 percent for the first time since 1996. PET recycling also got a boost from higher sales in the bottle market.
Market sources report Coca-Cola is still trying to sell its PET recycling plant in Spartanburg, S. C., which is currently operating on a limited basis. The plant is a joint venture with United Resource Recovery Corp. Houston-based M&G is scheduled to open a plant in Corpus Christi, Texas sometime in 2014. This plant will have more than 2 billion pounds of annual PET capacity. This venture will make M&G the region’s largest producer of PET.
continuing rising costs, PET resin prices headed downward again after only a slight upturn in September. This is mostly due to lower feedstock costs and lower demand. All indications are that prices will continue to decline for the short term. The PMM’s volume-weighted-average for PET in October decreased 2.9 cents-per-pound, C-PET saw a 3.6 cpp decrease while all other grades, Bottle, A-PET and Wide-Spec, experienced decreases ranging from 2.5 to 2.7 cpp.
Recent increases in PET recycling may have an impact on the virgin resin market in due time. After staying flat for two years, the volume of PET bottles recycled in the U.S. in-creased in 2010, pushing the recycling rate close to 30 percent for the first time since 1996. PET recycling also got a boost from higher sales in the bottle market.
Market sources report Coca-Cola is still trying to sell its PET recycling plant in Spartanburg, S. C., which is currently operating on a limited basis. The plant is a joint venture with United Resource Recovery Corp. Houston-based M&G is scheduled to open a plant in Corpus Christi, Texas sometime in 2014. This plant will have more than 2 billion pounds of annual PET capacity. This venture will make M&G the region’s largest producer of PET.
Posted by Plastic Market Data at 20 Nov 2011 
Categories: Packaging, PET, Supply and Demand, Resin Pricing, Processors
Tags: Demand Plastic Market Monthly PET Plastic Townsend Resin Prices Resin Pricing Bottle-Grade
Categories: Packaging, PET, Supply and Demand, Resin Pricing, Processors
Tags: Demand Plastic Market Monthly PET Plastic Townsend Resin Prices Resin Pricing Bottle-Grade
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