In February this year, demand recovered and European recycled plastic enterprises comprehensively raised prices!
The price of r-PET increased the most, and the price of transparent bottle tablets and transparent food grade particles increased by 100 euros / ton, completely covering the increase of bottle procurement cost. The price of r-PET food grade particles is almost 400 euros / ton higher than that of native pet, and the price of r-PET bottle chips is only slightly lower than that of native pet.
Bottle supply shortage, r-PET supply is still tight. As the volume of waste plastics exported to Asia decreased, the supply of most other recycled plastics improved slightly. Brand owners continue to launch new sustainable development projects, but due to the shortage of materials, their growing demand for r-PET is often not met.
In February, the prices of other recycled plastics increased, but in most cases, the increase was not enough to offset the rising costs.
In March, recycled plastics enterprises raised prices again to make up for the rising costs. R-PET demand remains high, while orders for other recycled plastics have increased slightl
In February, due to strong demand and limited supply, the prices of r-PET transparent bottle tablets and food grade particles increased by three digits. Compared with the bottle purchase cost of 44 euros per ton, the price increase of 100 euros per ton means that the profit of r-PET increases significantly. The price increase of colored bottle chips also exceeded the increase of bottle purchase cost of 25 euros / ton.
The source of PET plastic bottles is still very limited, so the supply of r-PET is still tight. At the same time, the demand for r-PET continues to grow, and more and more brand owners are frustrated with the material supply of sustainable development projects.
In March this year, due to the continuous strong demand and tight supply, r-PET recycling enterprises further raised the price. The price of food grade materials is now much higher than that of native pet.
In February, LDPE recycling enterprises tried to push up prices. Due to the sharp decline of waste plastics exported to Asia, the supply of raw materials eased.
In March, renewable enterprises called for further price increases to make up for rising costs.
In February, recycling enterprises transferred part of the cost increase to blow molding. Due to the low price of primary plastics, the price of injection grade increased slightly. The supply of waste sources has improved, and the demand for r-hdpe remains normal.
In March, renewable enterprises tried to pass on the cost increase in February.
In February, the price of r-pp increased by 20-25 euros / ton. R-pp demand rebounded sharply, but the demand of the automotive industry is still far lower than expected.
As demand improved, recycling companies demanded higher prices in March to make up for rising costs.
In February, due to the price competition of raw materials, renewable enterprises can only make up for some of the high costs. After experiencing slow growth at the beginning of the year, demand rebounded in February.
In March, as demand returned to a more normal level and costs rose, renewable enterprises further pushed up prices.