Prices for recycled PET pellets have decreased in North America due to seasonal demand.
According to market sources in discussion with Plastics News, prices for clear post-consumer PET pellets have decreased by 4 cents and green post-consumer pellets fell by 2 cents.
These pricing changes are being shown on this week's PN resin pricing chart
"Prices are finally decreasing it feels like," a resin distributor in Midwest said. "It's common to see decreases this time of year."
During the last quarter of 2024, recycled PET pellets saw unexpected increases due to hurricanes hitting the U.S., causing demand for bottled water and soft drinks to increase.
Sources were expecting a drop in pricing at the beginning of 2025 because winter months are known for a decrease in demand.
"It might continue to decrease for the next month or two," a consultant in the South said. "But summer will be here before you know it and there will be a higher demand and cause to prices to increase again.
"It's just a market everyone will have to keep their eyes on right now, the price didn't exactly decrease as much as people would have liked," the source added.