Subscribe to Newsletter
Subscribe to regular updates from LS Mtron Injection Business Division! Enter your email to receive the latest news via email.
Consent to Collect and Use Personal Information
Integrated Search
It is one of the most searched words!
The most preferred Injection Molding Machine.
Bringing you the latest news from LS Mtron.
Resin expert: Get used to higher recycled plastic prices
Date : 2022.04.21
And Joel Morales, executive director of polyolefins Americas for IHS Markit, an information and analytics firm, expects recycled resin to be priced more independently from the virgin market moving forward.
"We have seen [recycled material] accelerate at a much higher level than virgin here since the pandemic. And, frankly, it"s demand driven," he said. "The demand for post-consumer recycled from brand owners not only in North America but other parts of the world has been really high and the market has really taken off," Morales said at the recent Plastics Recycling Conference in National Harbor.
"Going forward, we don"t see one-for-one relationships between recycled and virgin. As we see more band owners putting value onto the recycled component, we would not expect it to move one for one, but we would expect it to trend together, just not one for one," Morales said.
Roxanne Spiekerman is vice president of business development at plastics recycler PreZero US and chairwoman of the Association of Plastic Recyclers board.
During some comments before Morales spoke, she said a variety of circumstances is driving higher pricing for post-consumer resin.
"You know that there is demand for it. Either you have to use it because it"s required or you want to use it because the demand is there," she told the conference. "Another thing that"s happened with post-consumer is that the quality and the performance has increased drastically so you can use it in higher volumes.
"Because of the demand increase and performance of post-consumer, not only does this have a potential impact on the virgin resin market, but at some point it does have strong potential to displace a portion of the market," Spiekerman said.
"You know that in any normal year, whatever normal means, that we are subject to extreme material volatility. That"s just the way of our world, right? But 2021 was not normal by any means," she added.
The pandemic as well as inclement weather last year combining with new challenges this year such as global strife, increased sustainability objectives, legislation and regulation all combine to influence the recycled resin market, Spiekerman said.
The higher pricing trend for both recycled and virgin resin is coming at a time where demand continues to be strong.
"What we"ve seen in the last couple of years has been nothing short of amazing for polymer consumption. So demand for polyethylene and polypropylene in "21 grew roughly at 9 percent, which is the best we"ve seen since 2010 at a time when price just keep going up," Morales said.
자료출처 : www.plasticsnews.com, edit : handler
PREV
이전으로 이동NEXT
다음으로 이동Email Collection Refusal
Email addresses posted on the LS Mtron Injection Business Division page are strictly forbidden from being collected without permission through email collection programs or any other technical devices, and please note that violation of this policy will result in criminal prosecution under the Information and Communications Network Act.