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.

 

 19th May 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

+15

455-570

+10

440-560

624.11-781.85

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

+15

290-385

+10

275-375

397.78-528.09

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1227.64-1357.95

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

932.73-1049.32

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1632.28-1783.16

 

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

 


Tighter availability pushes up R-PET feedstock costs

Recycled polyethylene terephthalate (R-PET) prices in Europe remain stable, although tight availability of post-consumer bottles is driving up prices, buyers and sellers said, citing a pick-up in demand primarily from the soft drinks industry that has outpaced collections. Nevertheless, most sources expect availability to rise in the coming weeks, bringing more balance to the market.

Post-consumer bottles are the primary feedstock for the R-PET chain. Consumption of bottled drinks traditionally rises in the summer months, providing greater availability of post-consumer bottles.

Market players indicated that availability of post-consumer bottles typically starts to grow from May, after the Easter holidays, though despite an early summer this year, supply of post-consumer bottles appears to below expectations across much of Europe.

 

Most sources were unsure of the reason behind the lack of availability of post-consumer bottles, but some speculated that the tightness stems from higher demand from soft drinks manufacturers, many of which have sustainability targets. One market source speculated that tight availability of virgin polyethylene terephthalate (PET) in Europe may have driven greater demand for post-consumer bottles and R-PET. Several sources said that difficulty in sourcing post-consumer bottles was driving them to look further afield for new sources of supply.

The price increase on colourless post-consumer bottles was not felt elsewhere in the R-PET chain, players said, citing downward pricing pressure from virgin PET. Virgin PET competes directly with R-PET in certain applications.

Most market players only expect the tightness in supply of post-consumer bottles to be short term and unlikely to impact R-PET prices. Market sources expect availability to grow over the coming weeks and months as summer takes hold. Players said they expect post-consumer bottles prices to fall as availability grows over the summer period, as traditionally occurs.

 

 

Virgin PET

The European virgin PET market is firm, supported by a shortage of product caused by shutdowns, a lack of imports and players’ reluctance to stock up ahead of May.

A debottlenecking at Indorama’s plant in Poland instigated a localised shortage that has since spread. Producers are sold out for May and in some cases part of June as well, according to sources. There was also unconfirmed news of output difficulties in Italy.

 

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 the first half of 2014 - delayed due to market conditions. First line started up fully end January.

JBF

Geel, Belgium

432,000

Commissioning has begun. Product will be ready for testing and sampling in the second half of May. Expected to be in the market by 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 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 license 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

 

 


 

 

 

 

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