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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.

 

 16th June 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

455-570

n/c

455-570

617.79-773.94

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

290-385

n/c

290-385

393.76-522.75

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1215.22-1344.21

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

923.29-1038.70

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1615.76-1765.12

 

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

 


Prices stable due to upstream conditions

Prices in European recycled polyethylene terephthalate (R-PET) remained stable this week as players lamented low virgin PET prices keeping R-PET prices locked in place.

Despite strong demand for colourless flake and both kinds of post-consumer PET bottles, prices were quoted within the current range even when taking into account modest increases achieved by some sources. These increases were achieved due to recently rising PET prices.

A more mixed view was seen for mixed coloured flake where some sources said the fibre and strapping sectors are both weak compared to previous years while others noted only fibre is weak and strapping demand remains healthy.

A flake buyer said virgin PET material is tight and therefore its R-PET prices rolled over. It added new virgin PET plants coming on line this and next year will help lift R-PET prices but does not expect this to happen in the short term.

A producer said it hopes the new capacity will increase R-PET prices but added the market situation is highly complex, implying the upstream capacity is not the only factor needed for higher R-PET prices.

 

New virgin PET plants

 

Name

Location

Nameplate Capacity tonnes/year

Start-up

EIPET

Ain Sukhna, Egypt

2 x 225,000

Second line is mechanically ready and is expected up by the end of of June/early July – delayed due to market conditions. First line started up fully end January and is operating flat out.

JBF

Geel, Belgium

432,000

Raw materials were fed into the reactor systems on 24 May. Some production has begun and a few samples have been dispatched to customers for laboratory testing. Machine trials and commercial deliveries are planned for second half of June.

Koksan

Gaziantep, Turkey

216,000

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

Start-up is still planned for June.

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 Polyplex trying to expedite process. 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.

 

Covering editor: Stefan Naidu


 

 

 

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