Asia recycled LDPE prices stable during thin trade- Trade is difficult due to undersupply of recycled PE film- No common quality standards dampen tradeThe week ended July 20, with little
trading, saw Asian recycled low-density polyethylene prices remain stable. Traders hoped that the
resumption of tourism and an easing of COVID-19 restrictions would result in a
greater supply of recycled feedstock bales over the next months. Even though market participants are still trying to meet
minimum content requirements, global recycled PE demand is likely to continue
outpacing supply. Unpredictable supply
chains, high inflation's impact on consumer demand, and the high cost of
producing recycled plastic continue to be challenged. Sources said that standardization is needed for the recycled
polymer to increase trade. Many recycling facilities are currently doing
bespoke manufacturing for customers. The trader said that the...