The U.S. Recycled High-Density Polyethylene (R-HDPE) market maintained a stable performance during November xxxx, and it continued to play a crucial role in promoting sustainability, with industries namely packaging, automobiles, and construction driving constant demand for recycled materials.
Despite minor price adjustments during the month, market participants noted stable operations across sectors, supported by reliable supply from recycling facilities. By the third week of November, the price of R-HDPE natural pellets grade stood at USD x,xxx per MT on FOB – Houston basis, showing a decline of approximately x.xx per MT from the first week of the month. This price adjustment, which occurred during the second week, was due to the competitive pricing from the virgin HDPE market. However, consistent end-user demand stabilized prices in the following week, ensuring market confidence.
The packaging industry remained a key driver of R-HDPE demand throughout...
