Its a link from scrapplasticprices.com and I shared it to help adjust the thinking above free or $0.03 used in a recent calculation knowing Crayola makes up just small fraction of what JBI is processing.
The link shows a floating average of $0.27 to $0.82. Scrap plastic prices is judged by the type of plastics that are being recycled. Whether you choose to recycle your water bottles and milk jugs, one may find that they will vary with the color of the plastic, and ranging from $.27USD to .$82USD. The higher the price of the plastic is judged by the quality of the plastic, like being PVC or an industrial quality of plastic. The more common plastics will of course have a less price range, generally ranging $.27USD to $.40USD, yet with all the plastics that we utilize in our everyday lives, this does add up.
They may be under and they may be over but who knows because that's not information JB believes shareholders should know as its not a number they're proud of like the $0.03 for the small amount of feedstock they're getting from Crayola. Unfortunately the unknown is the primary feedstock running those machines right now.
JBI.. keeping investors in the dark and guessing since 2009
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