Recycled high-density polyethylene (R-HDPE) prices strengthened sharply through February, with the market evolving from a muted start to a late-month rally. Early-month trading was subdued as processors managed inventories and washed-flake inflows remained limited; by mid-month regulatory-driven procurement and converter pull-through accelerated buying. The market tightened conditions as bale shortages and feedstock cost pressure encouraged sellers to lift offers. The market tone shifted from cautious to supportive as downstream teams rushed to secure material for recycled-content mandates and processors reported lean stocks. Demand was strongest in personal-care packaging and converting, where requirements for post-consumer content and regulatory deadlines supported buying activity. The FDA-approved ex-works benchmark moved higher in February, reflecting pull-through, while construction-sector demand for pipe and conduit grades remained soft due to winter weather. The FOB Houston market spiked late in the month, underscoring regional tightness and spot demand. Suppliers cited lean inventories and ongoing feedstock-driven cost pressure; near-term outlook remains stable-to-up, with firmer offers and continued regulatory-driven buying.
