The price of HDPE bottles rose by £50 per tonne last week on the back of strong export demand.
According to Resource Efficient Business Intelligence, the price for milk bottles is now higher than at any point since the weekly pricing and analysis report was first published three years ago.
There was surprise in the market at the price rise, with some describing it as “bonkers” and “crazy”.
Other plastics grades remained stable in last Friday’s report.
Looking at paper grades, OCC dropped by £3 per tonne as export demand softened, while mixed also came off by £2 per tonne.
SOW and multi-grade both increased by £3 per tonne, due to extra demand in the domestic market.
In metals, £25 per tonne came off both copper and brass grades with aluminium stable.
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