PODCAST: Asian R-PET, R-PE markets see cautious buying, shift to virgin cargoes observed
SINGAPORE (ICIS)–Sustainability efforts have been unable to shield Asian recycled polyethylene terephthalate (R-PET) and recycled polyethylene (R-PE) markets from the impact of high inflation and mounting fears of recession on trade.
In this recycled polymers podcast, ICIS editors Damini Dabholkar and Arianne Perez discuss recent market conditions with an outlook ahead in Asia.
- Cautious buying of R-PET, R-PE cargoes to continue with no immediate rebound in downstream demand
- Bale feedstock supply lengthens across spot markets as recyclers curb transactions
- Cheaper virgin PET, PE cargoes prompt non-sustainability driven uptake to shift away from R-PET, R-PE