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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.

 

 27th January 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

420-550

n/c

420-550

574.18-751.91

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

265-365

n/c

265-365

362.28-498.99

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

880-990

n/c

880-990

1203.05-1353.43

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

929.63-1045.84

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1626.85-1777.24

 

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

 


European R-PET prices roll over in January

European prices for recycled polyethylene terephthalate (R-PET) have generally rolled over in January, because of a combination of seasonally weak demand, good availability after the holiday season and expectations of stabilisation in virgin polyethylene terephthalate (PET) pricing.

On the back of cheap Asian imports, falling virgin PET pricing has been the key driving factor in R-PET pricing since Q4 2013 and has pulled R-PET prices significantly lower, putting recyclers' margins under pressure. Virgin PET competes directly with R-PET in certain applications.

Sources said that recent indications of stabilisation in virgin PET pricing have pushed R-PET recyclers to try and regain some lost margin. Nevertheless, many buyers resisted higher prices in January, citing soft demand in the new year and slow growth.

Because R-PET prices rolled over in January, sources expect higher prices in February as recyclers seek margin recovery. Furthermore, sources expect demand to grow in March and April in the run-up to Easter, whilst availability of post-consumer bottles is anticipated to fall.

Nevertheless, sources warned that higher R-PET prices will be dependent on higher virgin PET prices as R-PET needs to remain competitive.

 

 

Virgin PET

Virgin PET producers in Europe continued their battle to claw back margins, last week, amid uncertainty in upstream developments.

 

European producers have been struggling to compete with imports and some domestic product that was sold competitively in the fourth quarter of 2013 for delivery this quarter. Producers said they were sold-out in early January, and some are for February, too. There has been no rush to offload material despite buyers showing little interest for prompt domestic product.

 

Prices have increased slightly from the low end during January compared with December, and the few deals that were done were most recently concluded in the weekly domestic price range. The mood is one of wait and see, or as one player put it, quiet before the storm.

 

Eurostat trade data

 

Imports of virgin PET into the EU rose significantly in November 2013 compared with the same month in 2012 while exports fell marginally, data from statistics agency Eurostat showed last week.

 

Imports rose by 15% to 51,481 tonnes while exports were down by 5% to 6,648 tonnes.

 

PET Import and export data by Eurostat (units: tonnes)

Period

Import

Export

Month 2012

44,827

6,963

Month 2013

51,481

6,648

Change year on year (%)

15

-5

 

 

 

 

 


 

 

 

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