US Recycled HDPE : Players say
further slowdown tocome■ Virgin resin more
competitive with post-consumer■ Budgets for 2023 certain
to be lower: sourceDemand for recycled high-density polyethylene remained steady,
inthe week to Nov. 16, amid unseasonably elevated pricing and low virginresin
prices."Natural R-HDPE is upside-down to virgin," said one source.
Endusers typically choose the most economical option, between virgin
andrecycled resin, sources said."It's a very soft market overall, nobody
wants to overbuy or paytoo much."Although downstream construction and
housing activity hasslowed significantly, some applications employed in the
final stages ofbuilding still are seeing healthy demand, though at more normal
levels."We've been running at 90 miles/hour but when you back off to70
miles/hour, it seems like you're crawling," said one end user in
thehousing sector.Looking forward, however, the demand outlook is...