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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.

 

 1st 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

617.12-768.12

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

305-400

n/c

305-400

400.47-525.21

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1175.16-1299.90

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

892.86-1004.47

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1562.51-1706.94

 

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

 


Europe R-PET prices stable in September, some downward pressure

European recycled polyethylene terephthalate (R-PET) prices appear broadly stable in September but with some downward pressure from August levels, particularly at the upper end of the ranges, reflecting softening virgin PET prices and improving supply of post-consumer bottles after the summer holidays.

Post-consumer bottles are the primary feedstock for the R-PET chain.

Virgin polyethylene terephthalate (PET) competes directly with R-PET in certain applications.

Prices of post-consumer bottles are said to be stable going into September, despite improving availability after the summer holiday period.

Nevertheless, a few players indicated downward pressure on prices, especially at the upper end of the range of prices for mixed coloured post-consumer bottles and flakes, due to improving availability after the summer vacation break.

Furthermore, some players expect that softening virgin PET prices could lead to lower R-PET prices later in the month.

R-PET flake and pellet producers had previously spoken of a desire to lift prices and improve thin margins, though falling virgin PET prices make this seem unlikely.

Nevertheless, some flake and pellet producers are still optimistic of being able to lift prices in September, by as much as €20/tonne, though with the support of buyers.

 

Virgin PET

Unlike recent months, where bullish raw materials seemed to dictate virgin PET prices, this week the focus has switched to the supply and demand situation.

Buyers said poor weather conditions across much of Europe are hampering sales of virgin PET-related goods, and end-users are cancelling orders. This has resulted in inventories being higher than expected, more so because of additional purchases in July and at the beginning of August made in light of earlier, positive signals from the economic arena.

 

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 but delayed due to market conditions, and was due to start in July.

JBF

Geel, Belgium

216,000

JBF's second 216,000 tonne/year line is in the commissioning phase.

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 close to capacity.

Lotte Chemical UK (LC1)

Teesside, UK

200,000

Commercial volumes are now being shipped to customers.

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 was scheduled for mid-July. 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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