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Copyright © 2014 Reed Business Information Limited

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

 

 21st July 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

455-570

635.59-791.10

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

305-400

n/c

290-385

412.46-540.93

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1210.32-1338.79

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

919.57-1034.52

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1609.25-1758.01

 

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 market stable, quiet amid summer holidays

European recycled polyethylene terephthalate (R-PET) prices have remained broadly stable in July, though a few market players spoke of attempts to increase post-consumer bottle and R-PET flake prices, on the back of higher virgin polyethylene terephthalate (PET) prices.

Furthermore, some sources indicated that availability of post-consumer bottles, the primary feedstock for the R-PET chain, continues to remain below expectations for the time of year.

Availability of post-consumer bottles traditionally rises in the summer time, as more bottled drinks are consumed and recycled. Nevertheless, this year, several market players, particularly in Germany, have said that availability has remained relatively low well into July, when supply traditionally increases.

Most sources say the market is broadly balanced and some have said that this had made restocking ahead of the winter period difficult. This relative tightness is also putting upwards pressure on prices. Some sources said that several post-consumer bottle suppliers have pushed to increase prices due to the low supply and higher cost of virgin PET, a direct competitor to R-PET in certain applications.

Although some buyers said they have accepted high prices, the majority of sources have indicated that July prices rolled over from June.

Looking ahead to August, most players expect prices to remain stable in line with traditional seasonal patterns, largely due to the impact of the European summer holiday period in July and August, when many plants and business close.

Nevertheless, most sources acknowledge that this has not been a traditional year for the R-PET market, as competitively priced imports of virgin PET from Asia have imposed a ceiling on European R-PET prices and kept them flat for most of 2014.

Many R-PET players are closely watching European virgin PET pricing for an indication as to the direction European R-PET prices will take in August.

 

 

Virgin PET

The short-term outlook for European virgin PET prices was unclear last week, as buyers and sellers tried to keep up with huge volatility in upstream Asian paraxylene (PX) amid uncertainty surrounding output at new plants.

In the most part, European producers are maintaining their firm stance when it comes to offers and buyers are still operating mostly hand-to-mouth. Both sides are carefully monitoring inventory levels. While there is still an expectation of forthcoming length from new plants, the market is not yet physically flush with supply.

 

New PET plants

 

Name

Location

Nameplate Capacity tonnes/year

Start-up

EIPET

AinSukhna, Egypt

2 x 225,000

Second line is mechanically ready but delayed due to market conditions, and was due to start in July. There was no update this week.

JBF

Geel, Belgium

432,000

The first line is fully operational and commissioning activities on the second line should commence in July, so no change this week.

Koksan

Gaziantep, Turkey

216,000

Exports were due to be dispatched in July. Plant started in November 2013. Commercial material delivered to customers and used captively for preform production.

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.

Lotte Chemical UK (LC1)

Teesside, UK

200,000

The plant has started up and the plan is to start shipping resin before the end of July.

Polyplex Resins

Corlu, Turkey

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

Delayed pre-licence for government approval for an energy source received on 14 May. Main licence scheduled for mid-July, but there was no update this week. Plant ready for operation and material approved by customers. Quality control certification for trial product was granted by global assessment body SGS. Original start-up was scheduled for the summer of 2013.

 

 

 

 

 


 

 

 

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

 

 

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