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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.

 

 28th 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

n/c

440-560

n/c

430-550

609.14-775.26

PET BOTTLES – MIXED COLOURED (POST-CONSUMER)

FD NWE

EUR/TONNE

n/c

275-375

n/c

265-365

380.71-519.15

RPET FLAKE (HOT WASHED) - COLOURLESS

FD NWE

EUR/TONNE

n/c

895-990

n/c

895-990

1239.04-1370.56

RPET FLAKE (HOT WASHED) – MIXED COLOURED

FD NWE

EUR/TONNE

n/c

680-765

n/c

680-765

941.39-1059.07

RPET PELLETS – FOOD GRADE

FD NWE

EUR/TONNE

n/c

1190-1300

n/c

1190-1300

1647.43-1799.72

 

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 feedstock availability improves

European recycled polyethylene terephthalate (R-PET) prices are stable following the Easter holidays, despite improving availability of feedstock post-consumer bottles. The causes of stable prices remain unclear. Prior to the Easter period post-consumer bottle supply was said to be tight.

Thin margins have made it difficult for R-PET flake and pellet producers to lower prices. Competition with relatively cheap virgin polyethylene terephthalate (PET) prices is preventing flake and pellet producers from increasing prices.

Several sources said that April demand has been either above-expectations for the time of year or strong and expectations are for demand to continue to grow into May.

A food grade pellet producer in northwest Europe said that the tightness in post-consumer bottles has eased and the market is more balanced, following the Easter holidays when consumption of bottled drinks was greater. Furthermore, it said that although demand has been good in April, it has not been as strong as the same period last year. It cited colourless post consumer bottle prices in the range of €430-530/tonne FD NWE, R-PET colourless flake prices in the range of €900-990/tonne FD NWE and food grade R-PET pellet prices in the range of €1,050-1,100/tonne FD NWE.

A UK-based packaging producer noted that demand in April was very strong, resulting in one of the strongest months it has seen since November 2010, in terms of output tonnage. Nevertheless, the packaging producer said it is buying less R-PET flake in favour of virgin PET which it says is more cost effective. It cited a colourless R-PET flake price of €840-860/tonne ex-works.

Several other R-PET market sources also indicated that they are purchasing less R-PET in favour of virgin PET.

Sources broadly expect post-consumer bottles, R-PET flake and R-PET pellet prices to remain stable into May as price increases are limited by virgin PET pricing and price reductions are limited by thin margins.

A European flake producer said it sought a reduction on post-consumer bottles prices at the start of April, in light of squeezed margins since the start of the year, but said it only achieved a rollover. It said that demand in April has been steady, a bit firmer than expected. It cited colourless R-PET flake prices of €900-930/tonne FD NWE.

A textile producer in central Europe said that availability of post-consumer bottles and R-PET flakes is good and keeping a lid on the price increases that recyclers are pushing for. The source cited colourless R-PET flake prices of €860-930/tonne and mixed colour R-PET flake prices of €650-700/tonne.

The assessed ICIS ranges remain unchanged until further confirmation of more spot deals is received.

 

Virgin PET production

 

Indorama's 140,000 tonne/year PET plant in Wloclawek, Poland, is due to shut down 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.

 

New 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

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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