The Recycled Polyethylene Terephthalate (R-PET) market in Germany experienced moderate fluctuations in September xxxx, with nominal price variations, reflecting the market’s changing conditions. By the end of the month, the price of R-PET for light pellets on FOB – Hamburg basis settled at USD x,xxx per MT, showcasing the relative balance achieved amidst earlier market volatility.
Throughout the early weeks of September, R-PET prices held steady. This stability was primarily driven by balanced demand from sectors like packaging and textiles, which provided some support to market prices. Despite this early stability, mid-September brought a slight price decline of xx, a trend because of the oversupply in the R-PET market. This oversupply, combined with moderate recovery in demand, played a significant role in shaping the market’s movement.
The stability observed in the R-PET market in the first half of the month was largely due to consistent demand...
