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Recycled Polymers - Europe June 2016

by ChemOrbis Editorial Team -
  • 01/06/2016 (13:33)
Month: May 2016

Month: May 2016
€/ton €/ton
Recycled Grades MinMax
R-PET Flakes Clear/Blue 690820
R- HDPE Black Corrugated Pipes (PIR**)9301000
R- HDPE Black Pipes (PIR**) 9001100
R- LDPE Black Film (PCR*)710840
R- LDPE Film (PIR**)11101150
R- homo-PP black injection(PIR**) 830890
R- homo-PP injection (PIR**)920950
R- PPBC injection (PIR**)8301080

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

The R-PET market followed a stable trend for a second month in May, with the exception of a slight increase of €10/ton on the high end of the R-PET clear grade range. A buyer commented that clear grade is more open to fluctuations with respect to light blue grade as it is nearer to prime PET in terms of quality. At the beginning of the month, a buyer of R-PET had reported that the market tracked a stable trend and voiced his expectations of seeing a firming trend in June owing to growing consumption of PET bottles given the high season. Another buyer, however, commented that availability of post-consumer bottles has already started to tighten in May because consumption of PET bottles is low due to the delayed high season stemming from unfavorable weather conditions. Expectations for June are mixed. Some buyers are anticipating a stable to softer trend whereas other players are concerned about increases for post-consumer PET bottles, which would have an impact on R-PET flakes as well. Demand remained good in May for R-PET while it demand for prime PET was less encouraging.

Players in the R-HDPE market reported a stable trend for May. According to a recycler who had firm expectations for this month, prices remained stable due to a general weakness in the market, which was attributed to slow demand for R-HDPE. The recycler complained that the high season is yet to arrive and that demand remains slower than expectations. A converter reported purchasing R-HDPE black corrugated pipes (PIR) at stable prices from April. The buyer commented that sellers failed to achieve their hike targets between late April and early May due to weak demand in the end product market and, consequently, in the R-HDPE market. Regarding the June outlook, both buyers and sellers are expecting to see a stable trend for another month, especially if demand will remain below expectations.

R-LDPE prices registered a different situation in May. Both R-LDPE black film (PCR) and R-LDPE film (PIR) posted rollovers to increases of up to €20/ton over last month. A seller of R-LDPE film (PIR) reported applying an increase of €10/ton from April despite aiming for larger price hikes of €30/ton at the beginning of the month, commenting that he had to tone down his hike requests due to a lack of support from demand. A buyer reported paying stable prices for R-LDPE black film and an increase of €20/ton for R-LDPE film (PIR) due to the higher prices of prime PE. A recycler who sells R-LDPE black film (PCR) and R-LDPE film (PCR) reported that they were able to obtain an increase of €10/ton for both products although they expected to obtain stronger increases in May. The seller stated that demand was below their expectations in May after a satisfying month in April. According to the recycler, unfavorable weather conditions in the last few weeks hampered end product demand. Regarding June, the seller thinks that prices will remain stable, although he hopes to see stronger demand in line with the high season.

The R-PP market witnessed a stable to slightly firmer trend in May. R-PP homo injection (PIR) registered rollovers to increases of €20/ton from April. The buyer commented that suppliers asked for small increases due to seasonality, although supply and demand is in balance. R-PP homo black injection (PIR) prices also posted increases of €10-30/ton in May. A buyer reported paying an increase of €30/ton from April, when he skipped purchasing, adding that his suppliers justified their higher prices by pointing to their limited supply. However, the buyer thinks that prices could decrease again in June unless demand becomes more encouraging. Regarding R-PPBC injection grades, prices remained stable for another month in May. A recycler reported selling his allocations with rollovers from April, commenting that demand was regular in the month. Regarding June, the outlook is still uncertain, although a seller commented that he projects a good number of incoming orders and thinks that prices could emerge on a stable to slightly firmer note as was the case in May.

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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