What is the value of scrap plastic? The decline within the commodity market continues this month, with PET, HDPE and PP bale costs falling.
The nationwide common value of PET beverage bottles and jars fell by 27% once more this month. The worth, which was 10.31 cents per pound at the moment final month, now averages 7.53 cents per pound. Some areas are nonetheless buying and selling as excessive as 10.00 cents per pound, and most presents are as little as 6.00 cents. PET was buying and selling at 25.31 cents a 12 months in the past.
By the requirements of latest historical past, the value of PET is dangerous. Information from RecyclingMarkets.web exhibits that the value has averaged 15.70 cents per pound over the previous 4 years. Which means that the present value is lower than half of the four-year common value.
What is the value of scrap plastic? The nationwide common value of pure high-density polyethylene (HDPE) additionally fell. The worth is at the moment round 39.50 cents per pound, in comparison with a drop of 45.50 cents, or about 13%, final month. This time it was 108.44 cents when the value hit a file excessive final 12 months.
Is Plastic Scrap Valuable?
The present value is nicely beneath the common for the previous 4 years of 53.53 cents per pound.
Coloration HDPE has dropped much more dramatically and is at the moment buying and selling at 6.16 cents per pound. This time final month it was 11.88 cents, down 48% in only one month. Coloration HDPE averaged 58 cents a 12 months in the past.
The most recent figures are additionally not good by historic requirements. Over the past 4 years, bales of coloured HDPE have averaged 20.25 cents a pound, greater than 3 times the present value.
On a proportion foundation, the largest drop in plastic costs was for polypropylene (PP), with a large 62% drop. This high quality is at the moment buying and selling at round 6.16 cents per pound, up from 16.13 cents final month. PP was 32.91 cents a 12 months in the past. Over the past three years, the value of PP bales has averaged 17.85 cents per pound, about 3 times present worth.
Lastly, films have additionally seen important value drops. The nationwide common value of a Class A movie is at the moment 20.75 cents per pound, in comparison with 22.69 cents final month and 20.38 cents a 12 months in the past.
Class B movie is 7.00 cents, in comparison with 8.31 cents final month. Class C movie averaged 0.94 cents per pound, up from 1.13 cents final month. These costs are as reported within the Secondary Supplies Pricing (SMP) Index. This pricing represents the quantity paid for post-consumer recyclables in sorted, baled kind from the most important recycling centres.