Sustainable Plastics - January/February 2024 - 33

recycling prices
recycling prices
R-PET downward price
spiral finally ends
Higher-volume
calls raise hopes of
improving demand
I
n December 2023, recycled
plastic price movements
varied widely.
R-PET prices dipped
by €10-20/tonne; R-HDPE,
R-LDPE and R-HIPS prices
were mostly stable. R-PP homopolymer
prices increased
slightly; R-PP copolymer prices
fell by €10/tonne.
Recycled plastics faced
growing competition from
lower-priced virgin material
and from a healthy supply of
imported material in December.
Demand virtually dried up
as converters worked down
stocks as the end of the year
Recycled polyethylene
terephthalate (R-PET)
R-PET prices fell again in December as
a result of competition from the falling
cost of virgin polymer, a healthy volume
of imported material, as well as very weak
demand. Clear food-grade pellet prices
fell by €20-25/tonne with clear flake and
coloured flake prices down by €10/tonne.
Margins came under further pressure
from the rising cost of bottle scrap.
R-PET prices began the new year on a
more positive note with prices rising for
the first time in many months. Prices increased
by €15-20/tonne despite the stable
cost of bottle scrap. Demand picked up
in January as processors began to replenish
stocks, although sales overall remain
below what would normally be expected
at the beginning of the year. Material availability
was low as recyclers continued to
operate their plants at low run rates. Supply
was however lifted by a healthy inflow
of imported material.
Recycled high-density
polyethylene (R-HDPE)
Recyclers managed to keep prices stable
in December despite a virtual drying up
of demand and competition from the lower
cost of virgin material. Many recyclers
approached. In response,
many recyclers shut down
their facilities early to begin
maintenance work.
Recycled plastics prices began
the new year on a more
positive note. The long slump
in R-PET prices finally came
to an end in January as prices
increased for the first time
since July 2022. R-PET prices
increased by €20-25/tonne as
a result of an upturn in demand
as processors topped up their
inventories. There were also
small price increases for R-PP
and R-HIPS.
R-LDPE natural film and
translucent film and R-HDPE
blow moulding pellet prices
were mostly stable. R-LDPE
black extrusion pellets and
R-HDPE black injection
moulding pellets prices softened
slightly.
The stronger volume calls
from processors has raised
hopes that the demand slump
that has hampered the recystopped
production earlier than usual in
view of the limited buying activity.
In January, R-HDPE blow moulding
prices remained stable while injection
moulding prices fell by €5/tonne. Demand
picked up at the start of the new
year as processors began to restock.
However, volume calls were still lower
than would normally be expected for the
start of a new year. Recyclers kept a lid
on plant operating rates to avoid a buildup
of excess supply.
Recycled low-density polyethylene
(R-LDPE)
Recyclers were, for the most part, unable
to keep prices stable in December amid
very limited ordering activity and ample
supply. There was also price pressure
from the falling cost of virgin material.
R-LDPE natural film and translucent film
prices dipped by €10-20/tonne; black extrusion
pellet prices remained stable.
R-LDPE prices barely moved in January
thanks mainly to an improvement in
demand as processors began stock replenishment.
While demand has picked
up, sales overall remained less than
would be expected for the fist month of
the year. Supply was kept in check as recyclers
continued to operate their plants
at low run rates.
cling market for so long may be
coming to an end. The European
Union's target for recycled content
by 2025 is drawing closer
and is likely to generate growing
demand for recyclate over
the coming year. As demand
rises, recyclers are less likely to
face resistance to planned price
increases from processors than
in the recent past.
Recycled polypropylene (R-PP)
R-PP recyclers were unable to prevent
copolymer prices from falling by €10/
tonne in December 2023 because of
low demand and competition from special
offers on lower-priced virgin material.
R-PP homopolymer prices nudged
slightly higher.
In January, R-PP recyclers were able to
raise prices by €10-15/tonne because of
stronger stock replenishment by processors.
Recyclers continued to maintain tight
production controls to facilitate a good balance
between demand and supply.
Recycled high-impact polystyrene
(R-HIPS)
In December, R-HIPS prices were stable
with no discernible pressure from
standard material. Many recyclers shut
down their plants early to begin maintenance
work. Demand was very low;
December marks the low point of the
construction season.
R-HIPS recyclers were able to raise prices
by €10/tonne at the start of the new year
as stock replenishment activity by processors
was better than expected. Market balance
was maintained as recyclers continued
to keep a lid on plant run rates.
January/February 2024
33
newsround
Getty Images photo

Sustainable Plastics - January/February 2024

Table of Contents for the Digital Edition of Sustainable Plastics - January/February 2024

Contents
Sustainable Plastics - January/February 2024 - Cover1
Sustainable Plastics - January/February 2024 - Cover2
Sustainable Plastics - January/February 2024 - Contents
Sustainable Plastics - January/February 2024 - 4
Sustainable Plastics - January/February 2024 - 5
Sustainable Plastics - January/February 2024 - 6
Sustainable Plastics - January/February 2024 - 7
Sustainable Plastics - January/February 2024 - 8
Sustainable Plastics - January/February 2024 - 9
Sustainable Plastics - January/February 2024 - 10
Sustainable Plastics - January/February 2024 - 11
Sustainable Plastics - January/February 2024 - 12
Sustainable Plastics - January/February 2024 - 13
Sustainable Plastics - January/February 2024 - 14
Sustainable Plastics - January/February 2024 - 15
Sustainable Plastics - January/February 2024 - 16
Sustainable Plastics - January/February 2024 - 17
Sustainable Plastics - January/February 2024 - 18
Sustainable Plastics - January/February 2024 - 19
Sustainable Plastics - January/February 2024 - 20
Sustainable Plastics - January/February 2024 - 21
Sustainable Plastics - January/February 2024 - 22
Sustainable Plastics - January/February 2024 - 23
Sustainable Plastics - January/February 2024 - 24
Sustainable Plastics - January/February 2024 - 25
Sustainable Plastics - January/February 2024 - 26
Sustainable Plastics - January/February 2024 - 27
Sustainable Plastics - January/February 2024 - 28
Sustainable Plastics - January/February 2024 - 29
Sustainable Plastics - January/February 2024 - 30
Sustainable Plastics - January/February 2024 - 31
Sustainable Plastics - January/February 2024 - 32
Sustainable Plastics - January/February 2024 - 33
Sustainable Plastics - January/February 2024 - 34
Sustainable Plastics - January/February 2024 - Cover3
Sustainable Plastics - January/February 2024 - Cover4
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