R-PET Price Trend and Forecast

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Market Overview

For the Quarter Ending September 2021

North America

The domestic r-PET market has been going from strength to strength since March, a strong Q2 further catapulted the product among top commodities in the USA. Market participants reported that demand for r-PET has continued to be strong as the virgin PET supply remains constrained in the market. Re-processors and recyclers remarked that given the strong demand, supply has shifted from balanced in mid Q2 to tight in early Q3. Recycled polymers, in general, have gained traction in the US market in terms of demand as key virgin polymers remained tight. Prices of r-PET were assessed between USD 1540-1590 per MT on FOB basis for clear flakes.

Asia Pacific

The recurrence of Covid cases in South Asia and Southeast Asia has curtailed the outdoor movement which also severely impacted the tourism industry. Used bottle generation and its collection have also been reduced in the wake of the ongoing pandemic which tightened the feedstock availability for r-PET in key Asian markets. Demand for r-PET has been flat in Asia and it was epitomized in the current prices where pricing stands at USD 760-810 per MT on FOB basis.

Europe

Supply tightness remained the theme of the 3rd Quarter as curtailed post-consumer bottles (PCBs) availability and its recycling has restricted the production of r-PET in Europe. Demand for the material has been increasing as Europe step ahead towards sustainability, however, a snug supply of virgin material has also augured well for the demand for recycled material. Lockdowns in Europe limited the consumption of beverages bottles in the previous two quarters however vaccination drives have fruition into increasing outdoor activities in European countries. This will likely increase PCB availability and is expected to ease the material tightness in the coming quarter.

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ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for R-PET is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the R-PET market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various R-PET manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global R-PET market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global R-PET market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for R-PET are analyzed and region-wise demand pattern is tracked.

About

rPET stands for recycled Polyethylene Terephthalate. PET is a strong, lightweight, and transparent plastic. Due to its unique properties, It is one of the most commonly used plastics. It is usually made from a combination of oil and petrochemicals. PET is part of the thermoplastics’ family, which means they can be transformed into many different shapes and sizes. Virgin PET plastic made from oil and petrochemicals, can be recycled into r-PET. The plastic content in r-PET is recycled, so it can be produced without exhausting natural resources. In the recycling process, plastic is collected, cleaned and reformed into various products. Through reuse and a minimum of 24% reduction in carbon emissions during production, rPET is considered a more sustainable choice. Technically, anything that is made from PET can be replaced with rPET. It finds application in various end-use industries including FMCG, consumer goods, clothing & textile, automotive, and others. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET.

Product Specific Details

CAS No:	25038-59-9
HS Code:	39-07
Grade:	Industrial Grade
Contract Size:	100-150MT
Packaging Type:	Drum

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Incoterms: FOB/CFR/CIF/Ex-Works/ Ex-Location

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• Japan

• India

• South Korea

• Singapore

• Germany

• France

• Belgium

• USA

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• Saudi Arabia

• UAE

• South Africa

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R-PET Price Trend and Forecast