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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.

 

 26th 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

n/c

455-570

n/c

440-560

621.07-778.04

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

290-385

n/c

275-375

395.85-525.52

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1221.66-1351.33

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

928.19-1044.21

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1624.33-1774.48

 

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

 


Demand for R-PET flake strong as feedstock supply tight

Demand for recycled polyethylene terephthalate (R-PET) flakes in Europe is strong, sources said, citing seasonally higher demand as well as tight availability of post-consumer bottles, the primary feedstock for the R-PET chain.

Demand for R-PET from the food packaging sector is said to be nearing peak season levels.

Most market players across Europe said that availability of post-consumer bottles is tight. Furthermore, most sources complained that post-consumer bottle prices are too high, hurting margins for recyclers and converters. R-PET flake and pellet sellers said they are unable to pass on higher costs due to cheap virgin polyethylene terephthalate (PET), which has effectively put a ceiling on R-PET prices.

R-PET competes with virgin PET in certain applications.

Many sources were surprised by the lack of supply of post-consumer bottles, indicating that typically, availability in summer is high, as more bottles drinks are consumed and recycled. This good supply traditionally results in lower post-consumer bottle prices in summer. Many market players said they are increasingly hoping for better availability and lower prices for post-consumer bottles in June.

Sources confirmed that R-PET prices currently remain stable, within the ICIS ranges, despite the tight feedstock availability, stuck between high post-consumer bottle prices and cheap virgin PET prices.

 

 

Virgin PET production

Thailand-listed Indorama Ventures Ltd (IVL) has shut down its 140,000 tonne/year PET plant in Wloclawek, Poland, for a debottlenecking turnaround. The plant's capacity will be boosted to 220,000 tonnes/year by the third week of June once the debottlecking project is completed.

Indorama gets its feedstock from Polski Koncern Naftowy Orlen SA’s (PKN) 600,000 tonne/year purified terephthalic acid (PTA) unit, which is down the whole of May until 9 June.

Other European shutdowns are planned for the fourth quarter.

There is still no news regarding the imminent sale of La Seda de Barcelona’s (LSB) Artenius PET plant in Italy and the packaging company APPE.

 

New PET plants

Name

Location

Nameplate Capacity tonnes/year

Start-up

EIPET

AinSukhna, 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.

LotteChemical UK (LC1)

Teesside, UK

200,000

Start-up is planned for June.

PolyplexResins

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 for the summer of 2013.

 

 


 

 

 

 

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