Recycled plastic traders are speculating on PRN/PERN prices and helping to push the price of both up.
We understand, some are quoting physical material prices based on a rising PRN/PERN price, often quoting £30 to £40 more than the transacted price in the expectation that PRN/PERN price will rise by that amount.
Sounds like dangerous speculation and they might find they get burned. More on this below . . .
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