Market update for the prime, recycled, and scrap plastics as of May 26, 2023.
China’s prime resin prices have been persistently declining, reaching their lowest level in three years. Specifically, ABS prices have dropped to RMB 8650 per ton, translating to less than US $1100 per ton. The market has seen an increased quantity of 420 000 tons of extra production in the first four months, totaling 1.8 million …
Market update for the prime, recycled, and scrap plastics as of May 26, 2023. Read More »