21 Sep 2023 | 14:35 UTC
Listen: Buyers’ choice: Global oversupply of single-use plastics makes recycling uneconomical
Featuring Kristen Hays, Heng Hui, Colleen Ferguson, and Antoinette Smith
High density polyethylene product consumption and market behavior are key indicators for consumer spending. The US and major export outlet Asia are climbing out of a price slump created by HDPE oversupply, attractive cost margins and slow-to-recover demand. With about 1.5 million mt/year of North American ethane-advantaged capacity starting between September and Q1 2024, run rate discipline will be crucial, especially as low prices encourage virgin resin substitution for recyclers despite impending sustainability targets in the US.
Global polymers pricing lead Kristen Hays leads a discussion with global sustainable chemicals lead Heng Hui, US polyethylene editor Colleen Ferguson and US recycled polymers senior editor Antoinette Smith about the main drivers behind HDPE prices and what market participants expect in the short-term as the supply and demand dynamic struggles to find equilibrium.
Related prices:
HDPE Blowmolding FAS Houston (AAWCZ00(opens in a new tab))
Recycled HDPE Natural Pellets FOB Chicago (ARNPA00(opens in a new tab))
Related content:
Blog: Bionaphtha for plastics: a building block toward sustainability(opens in a new tab)
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