Attached is your PO for deliveries of ResMix for the month of October 2019.
The market for residential recyclables has basically moved sideways from September. This modest price movement is the result of small declines in paper pricing, most plastics and metals commensurate with the normal seasonal decline in demand during this time of year. On the positive side, we saw a significant upward movement for the price of HDPE Natural (milk jugs) which helped offset some of the downward movement of the other residential grades.
Going forward, as we mentioned last month, we expect the seasonal decline in pricing to continue for the balance of the year and the long-term outlook for pricing to be very positive given the large number of announced mill expansion projects in the works.
As always, rest assured that Pioneer will be working overtime to get the best pricing available in the marketplace each and every day. We appreciate your business.