In response to recent shifts in the economy and market trends, the US R-PET market has experienced stable pricing, with a recent uptick. As of May xx, xxxx, the price for clear flakes grade in Los Angeles was approximately USD x,xxx per metric ton. This increase follows a period of consistency in the past five weeks, reflecting adjustments in demand and the overall economic situation.
Throughout May, the US Manufacturing PMI indicated robust growth in the manufacturing sector, reaching a two-month peak in output primarily due to a surge in export orders, the highest in two years. Regardless of this positive growth, new orders decreased for the second consecutive month, representing cautious optimism among manufacturers, including those in the R-PET industry.
Rising input costs have presented challenges for manufacturers, owing to increased prices for metals, chemicals, plastics, timber-based products, energy,...
