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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 April 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

+10

440-560

+10

430-550

606.72-772.19

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

+10

275-375

+10

265-365

379.20-517.09

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1234.13-1365.12

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

937.66-1054.87

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1640.90-1792.58

 

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

 


Subscriber note: Due to public holidays in parts of Europe on Friday 18 April and on Monday 21 April 2014, the Recycled PET (Europe) report includes information and assessments gathered up to the close of business on Thursday 17 April 2014. For more information on our publishing schedule, please visit http://www.icis.com/about/publishing-schedule

European R-PET market quiet ahead of Easter

The European recycled polyethylene terephthalate (R-PET) market is fairly quiet ahead of Easter, with many market participants on vacation and several businesses closing for the holidays.

A post-consumer bottle seller said that collections are good, due to the warm spring weather, indicating that availability of post-consumer bottles, the primary feedstock for the R-PET chain, is healthy. Furthermore, the source said that rising demand, driven by the weather as well as improving economic sentiment, is lifting prices slightly.

A producer of films agreed that bottle prices are increasing by about €10/tonne. It described the European R-PET market as broadly stable. The manufacturer of films said that demand for flake material remains high, but noted that its volumes are down 10% in April as a result of the Easter break.

A food packaging manufacturer said that it is closing operations over Easter. It noted that it ordered less R-PET in March, even less R-PET in April and plans to continues to reducing its R-PET buying in favour of cheaper virgin polyethylene terephthalate (PET). It noted that R-PET prices are uncompetitively high and it will push for a lower R-PET price in May, even if it means switching suppliers.

 

Virgin PET production

Indorama's shutdown at its 140,000 tonne/year virgin PET plant in Wloclawek, Poland, has been slightly delayed, and is going down for a turnaround for six weeks in May and June. This will coincide with a shutdown at the Polski Koncern Naftowy Orlen SA (PKN) upstream 600,000 tonne/year purified terephthalic acid (PTA) supplier at the same site, from 5 May to 9 June.

On 16 April, SIBUR said its subsidiary, POLIEF, increased its virgin PET capacity from 140,000 tonnes/year to 210,000 tonnes/year.

 

New PET plants

Name

Location

Nameplate Capacity tonnes/year

Start-up

EIPET

Ain Sukhna, Egypt

2 x 225,000

First line started up fully end January. Second line is expected up by the end of the first half of 2014 - delayed due to market conditions. Original start-up was scheduled for March/April 2013.

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

Expects to receive licensing by May 2014 as the company awaits government approval for an energy source. Quality control certification for trial product has been granted by global assessment body SGS. Original start-up was scheduled for the summer of 2013.

 

 


 

 

 

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