The latest pricing charts can be accessed here.
Standard recyclate prices were mostly unchanged during October with very minor price movements either way, but prices are down across the board this month in very thin trading.
R-PET clear flake and clear food-grade pellet prices have slipped €10/tonne during each of the last two months influenced by lower demand from the beverages sector and the falling cost of virgin material.
R-LDPE prices were largely unchanged last month but prices for most R-LDPE product types have dipped by €5-10/tonne this month.
Last month, R-HDPE coloured blow moulding prices remain unchanged; black injection moulding pellet prices fell slightly. This month, R-HDPE prices have slipped by €5-10/tonne.
In October, R-PP black copolymer pellet prices were rolled over month-on-month while black homopolymer pellet prices softened slightly. This month, R-PP prices have fallen by €20/tonne. R-HIPS prices have fallen by €20/tonne in each of the last two months.
Demand for standard recyclate has remained well below normal during October and November because of low end user demand for recyclate. Recyclers have continued to run their plants at reduced rates to prevent stocks from rising. Recyclers are expected to continue running their production lines at a very low level for the rest of the year in order to keep stocks low for year-end balance sheet purposes.
According to Plastics Recyclers Europe (PRE), the European plastics recycling market is facing a significant downward trend, with a decrease in demand for recycled materials produced in Europe, reduced investments in domestic recycling and an increase in imports of recycled products from overseas markets. PRE says that this has exacerbated the recession in the market, resulting in many recycling companies shutting their business in 2023.
Latest recycling plant closures include Viridor and QC Polymer. UK waste management group Viridor plans to close its Avonmouth polymers recycling facility just before Christmas. PET bottle recycler QC Polymer has been in insolvency since 29th October with the plant near Birmingham, UK now being offered for sale by public tender.
The latest pricing charts can be accessed here.