In December xxxx, the Recycled Polyethylene Terephthalate (R-PET) market in the United States faced a significant decline, with prices dropping by a total of xx.xx. However, in the last two weeks of the month and during the first week of January xxxx, the market showed stability, as prices remained stable after a continuous period of decline earlier in the month.
R-PET prices saw substantial reductions in the first two weeks of December, decreasing by x.xx and x.xx, respectively. These declines highlight the effects of oversupply, reduced downstream demand and competition from virgin PET. However, as market activity slowed during the holiday season, i.e. from the third week onwards, prices stabilized, showing a balance between supply and demand.
The packaging sector, a significant consumer of R-PET, experienced average demand. Beverage and food manufacturers held high inventory levels and preferred virgin PET due to better offers from manufacturers,...
