In July, recyclers of most plastic material types managed to raise prices in view of a continuation of good demand. Not all recyclers, however, managed to pass through in full the higher energy and base material costs.
R-PET coloured flake posted a triple-digit price increase as strong demand, particularly from Eastern European converters, outstripped availability. Recyclers of R-LPDE black extrusion pellet also achieved a large price increase with settlements rising by €50/tonne as a result of strong demand for construction applications.
Surprisingly, clear food grade R-PET prices failed to rise for the first time since January 2021. R-HDPE black injection moulding pellets and R-PP prices also rolled over from the previous month. All other recycled plastic types registered price gains in the order of €10-30/tonne during July.
In August, only R-PET materials registered price gains. R-PET clear food grade pellets resumed an upward trend with notations settling €50/tonne above the previous month. R-PET clear flake and R-PET coloured flake grades gained around €20/tonne over the same period.
Several other recycled plastics grade prices declined in August. R-HDPE black injection moulding pellet prices fell €20/tonne, R-LDPE prices fell between €15-40/tonne and R-PP prices were down €20-50/tonne. R-HDPE coloured blow moulding pellets and R-HIPS prices remained unchanged compared to the previous month.
The price softening trend in August was generally the result of slowing demand, especially from the construction sector. Meanwhile, supply has remained generally satisfactory. Higher price discounts are widely anticipated for September.