SPOKANE (Scrap Monster): According to latest government data, the exports of scrap plastic by the US surged higher during the month of February this year, in comparison with the previous month. The exports had witnessed significant drop during January this year, following sharp drop in exports to China, on account of Chinese New Year holidays.
However, the export volumes declined when matched with those during February last year. The exports of recovered plastic during the initial two-month period in 2015 were down when compared with the exports during January to February in 2014.
The country’s exports of plastic scrap during the month of February 2015 totaled 304.59 million pounds. When compared with the exports during the previous month, the volume of exports was up by 10.2%. On the other hand, exports registered a decline of 12.7% when compared with those during February 2014. The US plastic scrap exports had totaled 348.9 million pounds during Feb ‘14.
The weighted price of scrap plastic exports during February this year amounted to 18.33 cents per pound. The weighted price saw sharp decline of 5.9% from Jan 2015 levels. The weighted price of scrap plastic exports during Jan ‘15 had amounted to 19.48 cents per pound. Upon comparison with February 2014, the weighted price slipped by 5.5%.
The US exports of recovered plastic during the initial two-month period of the year amounted to 581.06 million pounds. The exports dropped by 17.4% when compared with the exports during the corresponding two-month period in 2014.
The average price of scrap plastic exports during the period from January through February in 2015 was 18.87 cents per pound, which is 2.6% down year-on-year.