According to latest government data, the exports of scrap plastics by the US declined sharply over the previous month in September this year.
SPOKANE : According to latest government data, the exports of scrap plastic by the US dropped sharply during the month of September this year, in comparison with the previous month. The exports have dropped during the month by over 5% when matched with the month before. Also, cumulative scrap plastics export volume by the country during Jan-Sep ’15 has declined marginally over the previous year.
The country’s exports of plastic scrap during the month of September 2015 totaled 326.61 million pounds. When compared with the exports during the previous month, the volume of exports was down considerably by 5.2%. The pace of decline has slowed down when compared with the month-on-month decline of 16.8% recorded in August this year. Also, exports registered sharp drop of 19% when compared with those during September 2014. The US plastic scrap exports had totaled 403.22 million pounds during September ‘14.
The weighted price of scrap plastics export during September this year amounted to 18.17 cents per pound. The weighted price saw marginal recovery of 5.2% from August 2015 levels. The weighted price of scrap plastic exports during July ‘15 had amounted to 17.27 cents per pound. Upon comparison with September 2014, the weighted price registered a decline of 12.9%. The weighted price of scrap plastics export during September 2014 had amounted to 20.86 cents per pound.
The US exports of recovered plastic during the initial nine-month period of the year amounted to 3.48 billion pounds. The exports were down marginally by 2.6% when compared with the exports during the corresponding nine-month period in 2014.
The average price of scrap plastic exports during the period from January through September in 2015 was 18.21 cents per pound, which is 8.5% down year-on-year.