Demand for R-HDPE was very strong in the early part of the third week of January of ****, half of consumer-goods packaging was involved, Folding Intermediate Bulk Container (FIBC) accounted for more than half of the regional offtake, and production of baseline chemical manufacturing exceeded *** million tons. A *** post-consumer resin mandate for beverage containers for sustainable products under California鈥檚 AB *** compressed spot supply and raised bids. Demand had been softening by the fourth week as converters switched to virgin HDPE on account of R-HDPE premiums and early-season lull in orders for mixed-colored bales for agriculture pipe brought purchases to a halt, leading to growing yard inventories and increasing downward pressure.
R-HDPE supply remained responsive to demand shifts. Domestic production and imports responded quickly, with competing inflows being curtailed by a *** tariff on R-HDPE pellets鈥俧rom Thailand, providing some marginal...
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