Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

Recycled Polymers - Europe July 2016

by ChemOrbis Editorial Team -
  • 29/07/2016 (10:55)

Month: July 2016
€/ton €/ton
Recycled Grades MinMax
R-PET Flakes Clear/Blue 690810
R- HDPE Black Corrugated Pipes (PIR**)840950
R- HDPE Black Pipes (PIR**) 8801070
R- LDPE Black Film (PCR*)700840
R- LDPE Film (PIR**)10801120
R- homo-PP black injection(PIR**) 830870
R- homo-PP injection (PIR**)910940
R- PPBC injection (PIR**)8201030

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

The R-PET market tracked a mostly stable trend in July. Prices were reported with rollovers, with the exception of a small decrease of €10/ton within the range reported by a buyer. Players agreed that supply and demand dynamics were balanced during the month. As a result, R-PET prices didn’t post any changes. A recycler reported concluding some deals with rollovers for July, but complained that demand was still calm. The seller stated that the stagnant prime PET market was not a positive sign for R-PET, commenting, “ If PET prices maintain their current levels, we will have to revise our prices lower in August. Otherwise the gap between prices of clear grade R-PET and virgin PET will be too narrow.” The R-PET range for clear grade is at €750-810/ton, while for R-PET light blue grade is at €690-740/ton. A packaging producer reported purchasing his regular volumes of R-PET for July with rollovers from June while he thinks that offers for R-PET clear grade are still too high. The same view was shared by another converter, who considered offers at €710-715 to be competitive for light blue, as it is a product of high quality, but said that he would like to obtain a lower price for clear grade. Regarding the August outlook, sellers think that prices might remain stable for another month; though they might have to revise their prices lower if prime PET registers decreases.

In July, the R-HDPE market tracked a downward trend, with reductions between €20/ton and €50/ton being reported from June. The decreasing trend was attributed to ample supply while demand remained rather calm for another month. A recycler concluded some deals with discounts between €20/ton and €40-50/ton depending on the material. The seller applied smaller decreases for R-HDPE black pipe PIR with respect to R-HDPE black corrugated pipe PIR due to higher quality and better demand for this product. The recycler added that players in the R-HDPE market held high stocks due to muted demand. As a result, they applied some discounts to speed up their sales. A pipe producer purchased R-HDPE black corrugated pipe PIR down €30/ton from last month. The converter commented that demand was stagnant in July and the outlook for August was weak as well considering the summer holidays. Another buyer purchased R-HDPE black pipe PIR with decreases of €20-30/ton from last month. According to the buyer, prices lost ground as demand is slower than expected for this period of the year whereas supply is comfortable. Regarding August, he expects to see a new round of decreases as buyers are currently holding high stocks. Both sellers and buyers of R-HDPE think that the outlook is stable for August as the market will be quiet in the first three weeks of the month due to summer holidays. However, some buyers think that prices still have room to move lower considering high stocks on the sellers’ side as well as the bearish trend in the prime PE market.

The R-LDPE market followed a stable to softer trend in July, with small decreases of €10-20/ton being reported from June. A distributor offering R-LDPE film PIR aimed for rollovers at the beginning of the month, but had to revise their offers lower after buyers showed resistance to stable prices due to weak demand. A producer of R-LDPE black film PCR, however, reported receiving a good number of orders in the first days of the month so they took a firm stance on their prices. Still, the seller noticed a slowdown in trading activities in the second part of July, mainly because buyers were anticipating an adjustment and already had sufficient stocks for the month. A buyer purchased large volumes of R-LDPE film PIR to replenish their stocks, but he was able to obtain only a small discount €10/ton from June. Supply is said to be comfortable. Expectations for August are mixed. Several players think that trading activities will falter for at least two to three weeks due to the summer holidays so prices might remain stable. A recycler, who has already received some orders for August, thinks that buyers will prefer to build some stocks now that prices are stable to softer.

The R-PP market was mostly balanced in July. Prices were reported with rollovers to small reductions of €10-20/ton from June in some cases. A compounder made some purchases with decreases of €10-20/ton for July due to slow demand for R-PP amidst comfortable supply. The buyer commented that the downward trend of prime PP prices was another factor weighing down R-PP offers. Another buyer reported stable to slightly softer prices for July and stated that he limited his purchases of R-PP this month following the emergence of competitive offers for near-to-prime material. A recycler applied some decreases for July in an attempt to speed up their sales amidst thin trading activities. “We have closed our July sales and we expect the market to be calm in the first half of August given the summer lull. We applied larger discounts on the natural grade of R-PPBC injection PIR due to the narrower gap with virgin PP copolymer this month,” he noted. According to the recycler, price will either remain stable or post further small decreases in August.

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