Due to high demand and limited supply, R-PET clear flake and food grade pellets suffered triple-digit price increases in February. Over and above the 44 EUR/MT increase in clear bottle trash buying costs, the 100 EUR/MT price increase implied a significant margin gain. Mixed bottle scrap purchasing costs also climbed by 25 EUR/MT, while coloured flake prices jumped by more than that. As a result of the scarcity of PET bottle scrap, R-PET supply remained tight. Simultaneously, R-PET demand continued to rise, with an ever-increasing number of brand owners disappointed by a lack of material for new sustainability projects.
R-PET recyclers raised their prices again in March, owing to sustained high demand and limited supply. The price of clear food grade pellets was in the range of 2040-2140 EUR/MT in Western Europe. Food-grade materials are currently significantly more expensive than virgin materials.
Procurement Resource provides latest prices of Recycled PET. 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.
Procurement Resource provides prices of Recycled PET for several regions around the globe, which are as follows:
About Recycled PET:
Polyethylene terephthalate or PET, a form of polyester, is a highly recyclable plastic resin. PET is inexpensive, light in weight and is widely used to manufacture plastic products, particularly plastic bottles. Upon recycling polyethylene terephthalate, it is known as RPET, which is the most widely recycled plastic worldwide. Products made of recycled PET are very convenient, and thus, they are widely utilised.
In this process, PET is used as a starting material and its recycling follows multiple steps such as sorting, separation, classification and rinsing. At last, PET is ground into flake and dried before being reintroduced as a manufacturing material.
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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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