LONDON (ICIS)–Average yearly recycled polypropylene (R-PP) post-industrial black bale values in 2024 to date are at their lowest level on record on the back of the impact of the cost-of-living crisis on key end-use sectors such as construction and horticulture.
May monthly average post-industrial black bale prices in 2024 reached the lowest level seen in May since 2020.
Sentiment beyond Q2 remains weak, with players increasingly concerned in the past few weeks over substitution risk to virgin, macroeconomic weakness (particularly in the construction sector), the end of the peak horticulture season, and the approach of the summer holiday period.
Published by: www.icis.com
Mark Victory
07-Jun-2024
