The Decline Of RPET Exceeds 3 Digits And The Prices Of Recycled Plastics In Europe Continue To Decline
In the past two months, the prices of recycled plastics in Europe have continued to decline, although the pace has slowed down. The lack of orders remains the main factor dragging down prices, while also facing competition from low-priced native plastics. RPET prices continue to decline.
The price of rPET has experienced the largest decline, with prices for transparent bottle chips dropping by nearly 100 euros/ton in April compared to March, and prices for food grade particles and colored bottle chips dropping by 50 euros/ton. Because products imported from Vietnam have competitive prices and are being replaced by cheaper raw plastics. Although seasonal demand in the beverage industry is growing, processors are increasingly turning to importing cheaper products from Asia or using native PET materials.
In May, due to continued weak demand and competition from cheap imported materials, rPET prices further declined. The price of transparent bottle chips has decreased by 100 euros/ton, the price of transparent food grade particles has decreased by 80 euros/ton, and the price of colored bottle chips has decreased by 50 euros/ton.
Other categories
In May, the price of rLDPE film fell by 40 euros/ton, while the price of black extruded particles remained unchanged. The demand and price of rLDPE films are adversely affected by the low cost of post industrial sources and the continuous substitution of native plastics. In April, the prices of rHDPE colored blow molded particles and black injection molded particles remained basically unchanged, and the market was relatively balanced. Demand is still at a relatively low level, with almost no obvious signs of seasonal increase. In May, the price of rHDPE blow molding decreased by 30 euros/ton, while injection molding decreased by 10 euros/ton. The demand did not recover as expected. The price ratio of rPP is stable. Demand rebounded in April, especially from Eastern Europe. As demand increases, recyclers have increased production and inventory levels have also increased. In May, the price of rPP decreased by 20-30 euros per ton.
Low demand remains a pain point in the recycled plastic market, with order activity far below normal expectations for a year. The weak demand is mainly due to the slowdown of the European economy, as well as the weakness of major end markets such as construction and packaging. The recycling industry also faces competition from the cost reduction of raw plastics and low-priced imported materials. Recyclers Continue to Control Production to Avoid Overinventory
WalthMac provides Gravimetric Batch Blender to help the recycled materials can be fully utilized.https://www.walthmac.net/gravimetric-blender/gravimetric-blenders/blending-raw-materials-gravimetric-dosing.html
（Text sourced from China Plastics Online website）
