ICIS is implementing a process of rolling consultation on all of its pricing methodologies. This consultation paper is part of this formal process and covers all of the ICIS primary price points included in the recycled polyethylene terephthalate weekly publications.
The consultation asks both general questions about the suitability of the ICIS pricing methodology and questions addressing specific recycled polyethylene terephthalate market issues.
Click here to view the Recycled Polyethylene Terephthalate Methodology Consultation 2021
ICIS received 7 responses, of which 5 were written, two verbal. This summary takes into account all responses.
Regarding regional markets in Europe, several respondents asked for additional coverage of regional R-PET markets in Europe, particularly for post-consumer bottles. Requests asked for breakdown by geographical regions, such as Southern Europe and Eastern Europe, and by colours, such as clear, light blue, blue, green, mixed coloured.
Regarding the FD NWE hot-washed colourless flake price, two respondents asked for further differentiation of the price by end-use market sector, particularly for flake going into food-contact end-use applications (mainly the bottle to bottle market), and flake going into non-food-grade end-use applications.
One respondent asked for the addition of post-industrial-recycled (PIR) material price assessments to the ICIS R-PET report.
Regarding post-consumer bottle auctions, one respondent asked for the addition of information on bottle auctions from countries such as Italy (monthly), Spain and France (quarterly).
Regarding imports, one respondent requested information on flakes imported from outside of Europe
One respondent asked for more coverage of bids and offers in the marketplace, as well as more information on the end-use sectors for R-PET.
Regarding the wastage rates and yields of post-consumer bottle bales, one respondent asked for more information on the level of loss or yield percentage.
ICIS will consult with market participants on the suggestions which came out of the consultation, with a view to implementing at least some of them by the first quarter of 2022.