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Recycled Polymers - Europe June 2017

by ChemOrbis Editorial Team -
  • 29/06/2017 (22:04)

Month: June 2017
€/ton €/ton
Recycled Grades MinMax
R-PET Flakes Clear/Blue 760925
R- HDPE Black Corrugated Pipes (PCR**)720900
R- HDPE Black Pipes (PIR**) 9701040
R- LDPE Black Film (PCR*)610740
R- LDPE Film (PIR**)10501100
R- homo-PP black injection(PIR**) 840900
R- homo-PP injection (PIR**)940970
R- PPBC injection (PIR**)8401080

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

The R-PET prices posted additional increases of up to €30/ton both for clear and light blue grades. The R-PET range for clear grade was reported at €830-925/ton while R-PET light blue grade range was reported at €760-840/ton, both on FD basis. With renewed increases, the high end of the clear grade reached beyond the €900/ton, which tightened the gap between prime PET further and leaded to complaints on the buyers’ side while sellers also confirmed facing difficulties in selling this material. A recycler commented, “Our customers switched to use prime PET as they found clear grade prices very high. So far this year, we noticed that the R-PET trend was strongly influenced by prime PET trend with respect to the past.” Buyers have limited their R-PET purchases this month, although it was not possible to skip purchasing for many due to their production needs. A converter in the packaging sector commented, “R-PET prices are not competitive in this period. We expect decreases in July as we don’t think that supply is problematic.” Another buyer reported purchasing only limited volumes due to the higher levels. Buyers hope to see some decreases looking at clear grade prices above the €900/ton threshold. However, some players in the market do not think decreases are likely, pointing to the high season and sufficient supply.

The R-HDPE market witnessed a stable to softer trend and decreases of €10-20/ton were seen on certain grades. Indeed, post-industrial materials such as R-HDPE black pipes saw a decline of €20/ton on the high end due to the strong decreases registered by prime PE amid ample supplies in the market. Meanwhile, post-consumer products were stable or registered limited decreases of €10/ton in a few cases. A recycler confirmed that they had to apply some reductions on post-industrial materials due to the bearish trend of prime PE and added, “We think that prime PE will see further declines in July and for this reason it will be difficult for us to avoid further softening in July as trading activity will start to slow down ahead of the summer lull.” Expectations for July are stable to softer as supply is comfortable while demand might slow down due to the approaching summer holidays.

R-LDPE market tracked a stable to softer trend in June. R-LDPE black film (PCR) range posted decreases of €20-30/ton while R-LDPE film (PIR) prices remained stable on the low end and fell by €30/ton on the high end. A recycler commented, “We saw good demand in June thanks to the high season for packaging applications in the tourism sector. However, some discounts were applied amid good supply levels in the market. We hope that prices will stabilize in July.” In general, expectations for July call for stabilization or further decreases as ample supplies counterbalance good demand in the market.

The R-PP market remained stable or softened by €20/ton in June. A recycler reported that they decided to maintain stable prices in June, although they were able to purchase scraps at lower prices with respect to May. “We think that we will not be able to maintain stable prices in July as we will probably need to trim our prices down considering the bearish trend.” Buyers expect a stable to softer trend as well, although opinions regarding the actual supply levels in the market are divergent. A converter reported that supply is ample and for this reason prices may decrease further in July while another buyer opined that supply and demand are balanced, which might keep the market stable next month. No major changes are awaited for R-PP in July.

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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