IN THE NEWS

Prices collapse for bales of recovered plastics

July has seen sweeping drops in the value of PET, HDPE and PP, according to the latest pricing survey. Prices also fell for recycled aluminum cans.

The national average price of post-consumer PET beverage bottles and jars plummeted 30% this month and is now trading at an average of 26.16 cents per pound. That compares to 37.50 cents per pound this time last month. Some regions are still trading as high as 35.00 cents per pound for spot loads, but others are offering as low as 15.00 cents. PET was trading at 23.55 cents one year ago.