Germany&#xx;s Recycled Polyethylene terephthalate (R-PET) market has been experiencing a wave of rising prices in recent months. A perfect cluster of supply constraints, higher production costs, and robust demand across multiple sectors has been putting upward pressure on R-PET prices.
From April through early May xxxx, R-PET prices climbed steadily higher, mirroring the broader market trends. By May xxth, the price of R-PET flakes on an FD Hamburg basis had reached approximately $x,xxx per metric ton – a notable increase from just weeks prior.
The key factor behind the price surge was the shortage of post-consumer bales – the crucial raw material needed to produce R-PET. With supplies running tight, scarcity set in, leaving suppliers with little choice but to raise their rates to make up for the shortfall.
In addition, there were the fluctuating costs of upstream materials like crude oil and Ethylene. As...
