PET prices climb 2 cents
from Plastics News
After holding their ground in May, North American PET prices rebounded to show an average increase of 2 cents per pound in June. The hike came after four straight price declines from January-April had sent prices down a total of 5 cents. Prices now remain down a net of 3 cents for the year. Those declines were tied to lower beverage demand — especially for carbonated soft drinks — and global oversupply of raw materials needed to make PET.
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