Asian Recycled HPPE: Stable in thin trade- Rising electricity prices will cause production costs
to rise- Difficulty finding a shippingSources said that the Asian recycled high-density polyethylene prices were stable in thin trades on July 20. Recycled material with GRS
or ISCC plus certification was sold at Yuan 10,000/mt-11,000/mt, ex-works.
However, the material without certification was sold at Yuan 5,000/mt-6,600/mt,
according to traders in China. A producer
stated that the conversion cost of bales to pellets was $500-$600/mt for top-grade washed pellets. However, this will rise by 20%-30% next month because of
high electricity prices. Black pellets are
selling at around $200 per mt less than natural grade pellets. While most Southeast Asian recyclers continue to look at the
US and European markets, they said it was difficult to find shipping
containers. Trades also stated...