04 March 2013 16:41 [Source: ICIS news]
LONDON (ICIS)--The results of Corepla’s post-consumer polyethylene terephthalate (PET) bottle tender for March – a key feedstock for the recycled polyethylene terephthalate (R-PET) chain – have been announced, sources said on Monday.
According to players connected to the tender, colourless bottle prices in Italy fell by €40/tonne ($52/tonne), compared with February, to €440/tonne ex-works.
Mixed coloured bottle prices fell by €30/tonne to €270/tonne ex works.
The price falls were attributed to a greater volume of material being released in the March tender, although the exact quantity released could not be confirmed.
“The Italian tender always depends on how much material is offered. It's then a question of how much material is in that tender. If there's a lot of material it brings the number down,” a buyer involved in the process said.
Official confirmation of the tender price could not be confirmed at source. However, a company source did confirm that prices for both colourless and mixed coloured material had fallen by around 10-15%, compared with February, which is in line with buyer estimates.
Corepla operates the post-consumer bottle collection system in Italy.
($1 = 0.77)
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