The ICIS Polyethylene terephthalate (Recycled) price report is covered weekly in Asia, Europe and the US. This independent and unbiased pricing information gives flake spot quotes in Asia, bottles and flake assessments for domestic and export prices in Europe and bottle, flake and pellet spot prices in the US.
Commentary will give news and analysis of the factors driving prices such as import statistics, graphs, overviews and demand/supply issues. Crucial business decisions can be made with confidence when using this essential tool.
Updated to Q1 2019
Supply of Europe recycled polyethylene terephthalate (R-PET) will depend on whether various existing post-consumer polyethylene terephthalate (PET) bottles collection schemes across the continent continue. Even though there is market talk of R-PET flakes and pellets capacity expanding in 2019, the availability of recycled product will be limited by the structural tightness of bottles in the market.
There is agreement on both sides of the Europe recycled polyethylene terephthalate (R-PET) market that demand is unlikely to lower in 2019 from 2018 levels. There is legislation in multiple countries that could force order book volumes up further. While there is market talk of brand owners seeking to secure food grade R-PET pellets supply for years ahead.
Updated to Q4 2018
Supply of R-PET is expected to remain steady in the fourth quarter. Producers will have lower volumes of raw material, but this should be balanced with lower demand in winter months. R-PET will continue to compete with virgin resin amid green initiatives and high virgin prices.
Demand for R-PET in the US will continue to be very strong in the fourth quarter on the back of brand owners’ push toward increased recycled content in packaging. Demand will wane somewhat as the winter months tend to translate to reduced production.
Updated to Q4 2017
A supply overhang is expected for southeast Asian cargoes as China demand dropped recently. The Chinese government took back some of the import quota granted earlier in the year from some recycled polyester makers after checks revealed they did not meet the waste water regulatory limits. Also, China’s announcement to ban waste imports effective on 31 December dampened some buying sentiment in China for import cargoes. This will mean that Chinese recycled polyethylene terephthalate (R-PET) buyers have to rely on their domestic supplies in future.
China demand for import cargoes is expected to decrease. The China government took back some of the import quotas granted earlier in the year from some recycled polyester makers after checks showed that they did not meet the waste water regulatory limits. Also, China’s announcement to ban waste imports from 31 December had dampened some buying sentiment in China for import cargoes.
We offer the following regional Polyethylene terephthalate (Recycled) analysis and news coverage to keep you informed of factors and developments affecting prices in the Polyethylene terephthalate (Recycled) marketplace.
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Recycled polyethylene terephthalate (RPET) can be used to make many products including fibre for polyester carpet; fabrics for T-shirts, long underwear, athletic shoes, luggage, upholstery and sweaters
Recycled polyethylene terephthalate (RPET) can be used to make many products including fibre for polyester carpet; fabrics for T-shirts, long underwear, athletic shoes, luggage, upholstery and sweaters; fiberfill for sleeping bags and winter coats; industrial strapping, sheet and film; automotive parts, such as luggage racks, headliners, fuse boxes, bumpers, grilles and door panels; as well as new PET containers for both food and non-food products.
RPET has been largely consumed by the fibre industry as it is sensitive to thermal degradation as well as degradation from contaminants such as polyvinyl chloride (PVC).
Degraded RPET is not suitable for bottle to bottle, strapping and sheet extrusion applications which demand high quality RPET in order retain the PET properties of stability and pressure-resistance.
The level of recycling and availability of RPET differs greatly by country. In Europe, Germany leads the pack and recycles around 50% of its PET. Other countries such as France, UK, Belgium, Netherlands and Italy have also been active in recycling.
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