Home
Portfolio
Chemicals
Crude & Products
Base Oils
Shipping
Fertilizers
Energy
ICIS China
Price Alert
Price History
Plant Performance
PMM
ICIS conferences
My ICIS pricing
Methodology
Glossary
Publishing Schedule
Events Diary
Links
 
Sample Report
back

Copyright © 2014 Reed Business Information Limited

Copyright © 2014 Reed Business Information Limited. ICIS Pricing is a member of the Reed Elsevier plc group.

 

 29th September 2014

Recycled PET (Europe)

Editor: Iain Packham, iain.packham@icis.com

 

DOMESTIC AND EXPORT PRICES

Click for Price History

 

 

Price Range

 

Four weeks ago

USD/TONNES

PET BOTTLES – COLOURLESS (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

470-585

n/c

470-585

597.10-743.20

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

305-400

n/c

305-400

387.48-508.17

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1137.03-1257.72

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

863.89-971.87

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1511.80-1651.55

 

NOTE: For full details on the criteria ICIS pricing uses in making these price assessments visit www.icispricing.com and click on “methodology”.

 


European R-PET players see flat October pricing

European recycled polyethylene terephthalate (R-PET) players are looking ahead to October prices, with most players firmly expecting that prices will rollover from September.

A mixture of soft demand and downward pressure on virgin polyethylene terephthalate (PET) prices combined with relatively tight availability of post-consumer bottles are keeping post-consumer bottle and R-PET prices stable, sources say.

New virgin PET capacity in Europe is weighing on prices.

Virgin PET competes directly with R-PET in certain applications. Post-consumer bottles are the primary feedstock.

Traditionally, availability of feedstock post-consumer bottles increases during the summer time, when more bottled drinks are consumed and recycled, allowing re-stocking ahead of winter. This year, however, sources say supply has been tighter than usual.

Most sources are unsure of the exact reasons behind the lower availability of post-consumer bottles this year, but ideas behind the shortfall range from greater exports to Asia or eastern Europe, or to updated bottle designs, incorporating light-weighting technologies, multi colours and layers, which reduce the recycling yield and efficiency.

 

 

Virgin PET

The virgin PET picture was mixed last week, with contributing factors including exchange rates, raw material costs and the supply/demand balance.

Prices were relatively unchanged. A few industry sources continued to refer to €1,020/tonne FD Europe as being in the market, but there was not enough feedback to justify putting this price in the range.

Competition was heard to be rife among domestic producers, particularly those that have recently started manufacturing, and even those close to Europe, according to sources. With so much product to choose from, some buyers are more inclined to opt for cheaper spot purchases than take PET from within higher-priced contracts.

 

New PET plants

Name

Location

Nameplate Capacity tonnes/year

Start-up

EIPET

Ain Sukhna, Egypt

2 x 225,000

Second line delayed to Q4 due to market conditions.

JBF

Geel, Belgium

216,000

JBF's second 216,000 tonne/year line in the commissioning phase until end September. Full operating rates expected by October.

Koksan

Gaziantep, Turkey

216,000

Plans to start up end 2015, pending negotiations with technology supplier Uhde Inventa-Fischer. Facilities are in place to run both Koksan lines. First line is running at 85%.

PolyplexResins

Corlu, Turkey

210,000 at least for the first year of production, but scalable up to 300,000

Final license to use privately generated energy source is due 10-15 October, and plant is expected to be operational by mid to end November.

 

 


 

 

 

Supply and demand data is now on the ICIS Dashboard, providing a snap shot view of historical and forecast information on production, consumption, imports, exports, capacity and utilization rates. Find out more at www.icis.com/supplyanddemandwindow

 

ICIS is attending the 48th EPCA Annual Meeting in Vienna from 4-8 October.

Visit our hospitality suite, Salon Lehar, in the InterContinental Hotel.

Find out more at http://www.icis.com/icis-at-events/epca-2014/

 

 

Price history | Related reports | Full report list | Price Alert | Plant performance data

 

 

Currency conversion (real time) | Glossary | Methodology | Latest product news
Find a supplier

 

 

 

 

 

 

 

 

ICIS pricing accepts no liability for commercial decisions based on the content of this report.

 

 

For information about multiple subscriptions and licences to this information product, or for permission to photocopy or redistribute individual reports, please call the relevant office: 

London:+44 20 8652 3335,   sales.uk@icis.com

Houston:+1 713 525 2600,   sales.us@icis.com

Singapore:+65 6789 8828,   sales.ap@icis.com

 

Copyright violation is a serious offence. Any distribution or forwarding of information which is not expressly permitted by your subscription agreement is a copyright violation. ICIS pricing will be using software to monitor unauthorised electronic redistribution of reports. Copyright 2014 Reed Business Information Limited. ICIS pricing is a member of the Reed Elsevier plc group.

Customer Support Centre

+44 20 8652 3335 or toll free from US/Canada:+1 888 525 3255

ICIS pricing: www.icispricing.com  

ICIS News: www.icis.com/news  

ICIS website: www.icis.com             

 

 

 

 

 

 

 

 

To top To top
back