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Recycled-High Density Polyethylene (R-HDPE) Price Trends and Forecast
Recycled-High Density Polyethylene (R-HDPE) Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Recycled-High Density Polyethylene (R-HDPE) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
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Recycled High-density Polyethylene Price Trends for the H1 of 2023
Asia
The recycled-HDPE market showcased a mixed trends in the Asia Pacific market in the first two quarters of 2023. The prices initially inclined, given the active hoarding sentiment of buyers due to the approaching holiday season. However, the market sentiments were highly affected by the uncertain costs of crude oil and the weak appetite of the packaging and related downstream industries. The strong supply in the region led to the rise in inventory levels, further depleting the recycled-HDPE price trendss.
Europe
The weak demand and problem of oversupply shadowed the recycled-HDPE market in the European region. The decline in the prices was also a direct implication of low consumption from packaging industries, and the reluctance of buyers led to the stockpiling of products in the region, thus negatively impacting the price trends of recycled HDPE.
North America
In the first quarter, the price trends of recycled HDPE inclined as it gained support from the packaging, textile, and pipe industries. The persistence in demand, along with the support from the domestic and international markets with the hike in support from feedstock prices, aided the rising price trends. However, the market turned bearish in the second quarter, given the falling demand from the construction sector. Further, the hiked interest rates and rising speculations of a global recession aggravated the situation.
Analyst Insight
According to Procurement Resource, the price trendss for Recycled High-density polyethylene are likely to turn positive in the upcoming months. As the downstream demand rebounds, the improving dynamics will impact the pricing fundamentals.
Recycled High-Density Polyethylene Price Trends for H2 of 2022
Asia Pacific
The price trendss for recycled-high density polyethylene (rHDPE) fluctuated throughout the Asia-Pacific region in the given period. In the third quarter, the growth was majorly seen in the Indian region and was attributed to the increase in demand from the downstream plastics, furniture, and stationary manufacturing units. China saw a dip in the prices in the same quarter as the uncertainties in the power supply increased.
The crude oil market was on the negative side too and thus led to a decline in the prices of the product. The fourth quarter was, however, favourable for China as the prices surged. The incline was due to the increased demand from the downstream industry. The production activities were, however, hampered because of the restriction imposed due to the COVID-19 pandemic.
Europe
The European market saw a steep decline in prices as the demand for this commodity plunged. As a result, market stockpiles grew relative to the level of product demand. There has been a substantial impact on the buying and selling sentiments by the ongoing economic crises brought on by the Russia-Ukraine crisis. The packaging sector was much more inclined towards the use of first-hand HDPE over recycled ones, which further contributed to the decline of the rHDPE prices. The third and fourth quarters also saw a lowering in utility costs and logistical difficulties.
North America
The North American market kept on fluctuating in terms of recycled HDPE prices. The prices decreased till October but gained momentum from November onwards. The major cause behind this incline is the increase in demand from the downstream industries and the decrease in the interest of buyers in pure high-density polyethene. The production units also saw a surge as the manufacturers started producing more goods to meet the demand of the market.
Analyst Insight
According to Procurement Resource, the prices of Recycled- High-Density Polyethylene are likely to decrease during the coming month given the low demand and ongoing financial crisis negatively impacting the buyers’ confidence.
Recycled HDPE Price Trends For H1 of 2022
Asia
After the Lunar New Year celebrations, the market resumed activity and the demand for recycled HDPE rose consistently. Coupled with the soaring oil and feedstock prices the prices of recycled HDPE soared throughout the Asian arena. The price of recycled HDPE averaged 1326.95 USD/MT in the Indian domestic market. With the re-emergence of covid-19 cases, the government proposed the zero-tolerance ban which further restricted the supply chains which were already congested owing to the Russia-Ukraine conflict.
The petrochemical industry suffered, and the prices of feedstock HDPE fluctuated. However, the robust demand from the downstream packaging, automobile and textile industries kept the price trendss for recycled HDPE afloat in the Asian market. In India, the price of recycled HDPE averaged 104600 INR /MT during the end of the said quarter.
Europe
The price of recycled HDPE kept strong across Europe throughout the said period. The soaring oil prices and high-cost inflation amid the booming demand from the packaging sector caused the prices to rise averaging 2145 USD/MT.
North America
During the first quarter, the price of recycled HDPE did not increase uncontrollably despite the surging feedstock and transportation costs. The market uncertainty and lack of skilled labour kept the prices of recycled HDPE in check. However, the prices began to rise with the rise of demand from the downstream sectors as the upstream costs relaxed slightly. Hence, the supply-demand dynamics caused a healthy rise in the price trendss of recycled HDPE averaging 2400 USD/MT.
Procurement Resource provides latest prices of Recycled-High Density Polyethylene (R-HDPE). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
The linear versions of polyethylene (PE) are known as high-density polyethylene (HDPE). When this plastic-type is recycled, it is referred to as Recycled HDPE. HDPE is the most common plastic-type that is recycled on a large scale globally. This plastic is the easiest polymer to recycle owing to its unique properties, and thus, it is accepted at most of the recycling centres globally.
The Recycled HDPEs carry the universal symbol of number “2” in the recycling triangle and can be differentiated with its help. Due to its cost effective and environmental friendly nature, Recycled HDPE is increasingly being adopted over virgin HDPE in various industries.
Product Details
| Report Features | Details |
| Product Name | Recycled-High Density Polyethylene (R-HDPE) |
| Industrial Uses | Bottles and containers, Tupperware products, Packaging materials, Construction pipe, Ropes, Household goods (Plastic-based), Food packaging, Shampoo bottles, Etc. |
| Supplier Database | Veolia Environnement S.A, Envision Plastics Industries LLC, Clean Tech Incorporated, KW Plastics Recycling Division, Advanced Environmental Recycling Technologies, Inc, HAHN Plastics Ltd, LyondellBasell Industries Holdings B.V, SUEZ SA |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Recycled HDPE from Waste HDPE Films
In order to produce Recycled-High Density Polyethylene (R-HDPE) from waste HDPE films, the collected materials are first sorted and cleaned. Then, HDPE film recycling machinery crushes these plastic sheets into small pieces. The obtained material is finally melted and converted into pellets, which can be further transformed into a variety of products.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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