US scrap plastic exports rose sharply in Mar ’15
SPOKANE (Scrap Monster): According to latest government data, the exports of scrap plastic by the US increased sharply during the month of March this year, in comparison with the previous month. The exports had witnessed slight increase during the month of February too. On the other hand, cumulative scrap plastic exports by the country during Jan-Mar ’15 declined over the previous year.
The country’s exports of plastic scrap during the month of March 2015 totaled 416.78 million pounds. When compared with the exports during the previous month, the volume of exports was up considerably by 36.8%. Also, exports registered a modest increase of 5.0% when compared with those during March 2014. The US plastic scrap exports had totaled 396.93 million pounds during Mar ‘14.
The weighted price of scrap plastic exports during March this year amounted to 18.24 cents per pound. The weighted price saw marginal decline of 0.4% from Feb 2015 levels. The weighted price of scrap plastic exports during Feb ‘15 had amounted to 18.31 cents per pound. Upon comparison with March 2014, the weighted price slipped by 7.3%.
The US exports of recovered plastic during the initial three-month period of the year amounted to 997.84 million pounds. The exports dropped by 9.4% when compared with the exports during the corresponding three-month period in 2014.
The average price of scrap plastic exports during the period from January through March in 2015 was 18.61 cents per pound, which is 4.5% down year-on-year.