The global Recycled Polyethylene Terephthalate (R-PET) market witnessed a surge due to strong market purchases and gradual depletion of inventory, apart from China, where Lunar New Year festivities-maintained prices at a steady level due to reduced purchasing activities during the holiday period. Southeast Asia demonstrated robust demand, although buyers remained cautious amid holiday-related closures. Globally, Food Grade FD Hamburg prices saw a modest x.xx increase, primarily propelled by elevated clear bottle scrap costs. Meanwhile, in North America, R-PET Clear Flakes prices experienced a xx rise fuelled by increased demand and disruptions in shipping. These market dynamics present pricing and environmental sustainability challenges.
Following the established two-week pattern, R-PET prices in China maintained their stability for the third consecutive week, holding steady at USD xxx/MT until the week ending on February xxrd. The Northeast Asian R-PET market continued to exhibit a subdued trend particularly in China, primarily influenced...
