US scrap plastic exports rebound in Oct ’14
SPOKANE (Scrap Monster): According to latest government data, the exports of scrap plastic by the US surged higher during the month of October last year, in comparison with the previous month. Also, the exports climbed higher when matched with those during October 2013. The exports of recovered plastic during the initial ten-month period in 2014 maintained higher levels when compared with the exports during January to October in 2013.
The country’s exports of plastic scrap during the month of October 2014 totaled 461.10 million pounds. When compared with the exports during September 2014, the volume of exports was up by 14.3%. Also, the exports surged by 16.6% when compared with those during October 2013. The US plastic scrap exports had totaled 403.4 million pounds during Oct ’13.
The weighted price of scrap plastic exports during October last year amounted to 19.77 cents per pound. The weighted price saw sharp decline of 5.2% from Sep 2014 levels. The weighted price of scrap plastic exports during Sep ’14 had amounted to 20.85 cents per pound. Upon comparison with October 2013, the weighted price slipped by 9.5%.
The US exports of recovered plastic during the initial ten-month period of the year amounted to 4.03 billion pounds. The exports were higher by 16.7% when compared with the exports during the corresponding ten-month period in 2013.
The average price of scrap plastic exports during the period from January through October in 2014 was 19.88 cents per pound, which is 3.2% down year-on-year.
Industry sources indicate that scrap plastic exports from the US are likely to maintain higher levels during the remaining months of the year for which official data is yet to be published.