Asia HDPE Recycled: Fall on low demand- Higher price for blended virgin-recycled pellets- Singapore's decision to charge plastic bags could
dampen trade liquidityDue to weak demand, Asian recycled
high-density polyethylene prices dropped in the week ending February 22nd. Recyclers said that they
could not comment on operating rates as they only made the product when they
received a purchase order. One Korean
recycler claimed that they mixed virgin material with recycled pellets in order
to create a compounded product that would meet brand owner's specifications.
The compounded recycled PE price is also higher than prime grade. Sellers claimed that customers didn't mind paying a higher
price because they wanted to be environmentally responsible. According to market sources, Singapore's decision to charge
consumers for plastic bags as part of its larger drive to reduce waste and...