Skip to content

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

Recycled Polymers - Europe April 2017

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/04/2017 (16:48)

Month: April 2017
€/ton €/ton
Recycled Grades MinMax
R-PET Flakes Clear/Blue 700890
R- HDPE Black Corrugated Pipes (PIR**)850950
R- HDPE Black Pipes (PIR**) 9601060
R- LDPE Black Film (PCR*)650770
R- LDPE Film (PIR**)10601130
R- homo-PP black injection(PIR**) 860920
R- homo-PP injection (PIR**)950980
R- PPBC injection (PIR**)8401080

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

R-PET market registered a stable to upward trend in April compared to March. R-PET prices for clear grade are reported at €760-890/ton, while R-PET light blue grade range is at €700-780/ton FD. The low and the high ends of the current ranges remained stable while small increases of €20-30/ton were reported for the R-PET clear grade offers. Despite COREPLA auctions were settled with increases for both grades, R-PET cargoes didn’t post notable changes over the month, as buyers were closely monitoring the developments in prime PET market and demand for R-PET remained below the expectations for April. Indeed, buyers preferred to purchase on a needs-only basis as they are waiting for further reductions in the prime market. A recycler reported, “We kept our prices stable for light blue grade materials while we sought for a small increase on clear grade. We were expecting a peak of demand for April. However, it remained below our expectations as buyers were observing the bearish trend of PET market.” A buyer purchased clear grade material of different origins and commented that Southern European recyclers were facing the competitive Northwest and Central European materials amidst the bearish trend in the prime PET market. Another buyer in the food packaging sector opined, “We think that R-PET prices will achieve stability in May, as bearish trend for prime PET will put R-PET demand under pressure. It will be difficult for recyclers to ask for further increases.” Expectations for May are calling for stable offers for the R-PET market after a four-month upward trend due to good availability and the current conditions in the prime PET market. However, demand will also have an important role in the market direction.

The R-HDPE market followed an upward trend in April, although the increase amounts fell behind the strong expectations. According to players, the main reason behind the lower-than-expected increases were the ample supply in European recycled HDPE, which limited the hike attempts on sellers’ side as buyers tried to push for rollovers. Moreover, demand in the end product markets remained weak, according to recyclers and buyers, although it was stronger than March. A recycler commented, “We aimed to increase our prices by €30-40/ton from March. However, buyers showed resistance to our hike requests and asked for decreases with respect to March. We see competitive prices for other European origins as stocks are high in the region. We finally conceded to rollovers to increases of up to €20/ton.” A pipe producer confirmed that they paid a small increase of €20/ton for April and added, “Demand on our products is better than it was in March, and we think that R-HDPE prices may post some further increases in May due to seasonal factors.” Expectations for May are calling for a stable to slightly firmer trend due to the expectations of a better demand given the high season for R-HDPE applications.

Regarding R-LDPE market, prices tracked a stable to a slightly higher trend in April depending on the grade. R-LDPE Film (PIR) prices mostly followed a steady path in April, considering the poor demand and stable to softer trend in the prime LDPE material. Trading activities were reported to be very quiet in April. A buyer commented, “We received a stable offer for R-LDPE Film (PIR) at €1100/ton this month, but we haven’t purchased any material this month as we are still covered with the material we purchased at €1050/ton two months ago.” Regarding R-LDPE Black Film (PCR), prices indicated rollovers to slight increases of €10/ton from March. A recycler applied small increases in the first half of the month and commented, “We noticed that activities were vivid at the beginning of April and we were able to ask for some increases. However, demand slowed down in the second half of the month due to the bank holidays in Italy.” Sellers were expecting to apply stronger increases for April, considering the beginning of high season. However, demand and ample supply put a cap on the hike requests. Expectations for May are indicating stable to firmer prices and the market direction will be mainly set by supply-demand dynamics.

R-PP market in April tracked a stable to slightly firmer trend with increases up to €20/ton from last month. Players reported that supply was good in April in general. A recycler kept their prices stable compared to March when he had applied increases. The recycler opined, “We preferred to keep our prices stable as trading activity was limited given the holidays in Italy. However, we noticed that demand was better than it was in March due to the beginning of high season.” The recycler added that his PP waste supplier asked him to issue increases for April in line with the upward trend in the prime PP market in the last few months. Although initial expectations are centered on stable levels for May, many players are unable to foresee the market outlook due to slowing trading activities given the bank holidays during the month and they are waiting for the beginning of May in order to have a better idea regarding the market outlook..

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