Post-industrial polypropylene resin pellets started to increase in price throughout North America over the last month.
On average, recycled PP resin prices have increased by 7 cents, according to sources in contact with Plastics News. These changes are shown on this week's PN resin pricing chart.
"I think some companies have finally started to work off inventory they had in stock due to the supply chain crisis and the production plant shutdowns have helped, as have an uptick in oil prices and some export movement," said a recycler in Ohio.
The prices are beginning to pick up after prices dropped throughout the first and second quarter of the year due to a decrease in demand, but demand for post-industrial PP is increasing for now.
The market has still not fully recovered. Prices in mid-2022 were still higher than they are currently.
"One must identify the value they bring. I think [FDA-approved], natural and [post-consumer recycled] remain at the top value props and highest in demand with lowest availability," said a recycler in Florida.