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Recycled Polymers - Europe March 2016

by ChemOrbis Editorial Team -
  • 29/03/2016 (16:37)
Month: March 2016

Month: March 2016
€/ton €/ton
Recycled Grades MinMax
R-PET Flakes Clear/Blue 680820
R- HDPE Black Corrugated Pipes (PIR**)9301000
R- HDPE Black Pipes (PIR**) 9001100
R- LDPE Black Film (PCR*)650830
R- LDPE Film (PIR**)11001150
R- homo-PP black injection(PIR**) 820860
R- homo-PP injection (PIR**)890910
R- PPBC injection (PIR**)8301080

* (post-consumer recycle)
** (post-industrial recycle)

Despite the notable hikes posted by prime PET market during March, R-PET prices tracked a mostly stable trend, with slight increases of €10/ton being reported only in a few cases. A recycler sold R-PET light blue with rollovers for March, while concluding some deals for R-PET clear grade with rollover to an increase of €10/ton from last month due to improved demand from the agriculture sector. Another recycler reported concluding his March deals at stable levels from last month, commenting that supply is sufficient. Regarding April, the seller expects to see an upward trend due to strong demand and consecutive hikes registered by prime PET. A converter, who skipped his purchases last month due to the narrow gap between PET and R-PET, reported buying only R-PET this month, considering recycled cargoes to be more competitive than prime material. However, another buyer reported that demand is quite good for R-PET as buyers are building some stocks ahead of the anticipated increases. Expectations for the upcoming month are calling for an upward trend given good buying interest owing to the high season and to firmer prices for prime PET.

R-HDPE grades followed a widely stable trend in March, with prices being reported with rollovers from February. A recycler commented that he is quite satisfied with demand for the first quarter of the year, adding that he is optimistic about the short term outlook as well. According to the seller, R-HDPE prices could remain stable in the first part of April and start tracking an upward trend in the second part of the month and in May considering the bullish outlook of prime PE. A buyer reported making some purchases at stable prices from February, commenting that demand for R-HDPE remains good while supply is not ample. According to the buyer, prices will remain stable in April and R-HDPE offers might track an upward trend in May.

R-LDPE prices also remained mostly flat in March, with the exception of some slight decreases of €10-20/ton in a few cases, especially from buyers who were not able to achieve any discounts in February. A recycler commented that demand has been good in March, especially in the second half of the month, when prime PE prices posted some slight increases. The seller also added that he expects to see some increases in the second half of April as the outlook for prime PE is bullish. Another recycler reported stable prices for March, adding that supply and demand dynamics will set the tone of the market in April. A distributor of R-LDPE film PIR commented that the market has been balanced in March and stated that he could apply some increases of around €20/ton in April. A buyer purchased R-LDPE PCR at stable levels, commenting that supply is adequate for this product.

R-homo PP grades followed a stable to slightly softer trend in March, with reductions of €10-20/ton passing in some cases. Supply and demand are said to be in balance for this product, though a seller considered supply to be a bit more ample than demand. A buyer, who made some purchases with rollovers from last month, commented that prices could remain stable in April as well. For R-PPBC, prices remained unchanged from last month. Another buyer reported that he expects to see some increases starting from next month given the upward trend of prime PP. A recycler also voiced his expectations of seeing some increases in April, though the gap between R-PPBC and prime PPBC prices is narrower.

Price ranges reported include an average freight cost to the customers’ location as well as duties if applicable, although VAT is not included.
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