Prices are driopping and markets being lsot because of the actions of the
virgin resin suppliers, not supply and demand as was the case with
paper. The resin producers are tkaing deliberate actions the result of
which is the destruction of the PETE recycling infrastructure.
I am also not advocating the dropping of PETE from recycling programs
that are collecting it. That may happen on its own as more markets
dissappear, but I don't support that as a response to the current
situation.
Pax,
George Dreckmann