European rPET prices hit a new high!

According to AIM's latest "Plastic Machinery Recycling in Europe 2022" report, 8.
3 million tons of plastic waste will be recycled in Europe in 2021, and it is expected to grow at an annual rate of 5.
6% by 2030
.
Compared to the 35.
6 million tonnes of plastic entering the waste stream in 2021, the plastic recycling rate in Europe is only 23%, well below expectations
.

AMI predicts that food-grade rPP and rPS will be commercialized and scaled like rPET in 2030, the entire reporting frame time
.

The COVID-19 pandemic has affected both the amount of plastic waste recycled and the demand for recycling, causing many factories to cut production and stop production
.
So far, however, this does not appear to have had a lasting effect, as the industry in general has started to rebound
.

Price of post-consumer recycled plastic waste (EUR/ton)

rPET

In January, prices for colourless bottles and post-consumer flakes in Europe hit record highs amid a global supply chain crisis and EU policies restricting the use of plastics
.
In February, as the supply of waste plastic bottles continued to be in short supply, the demand for rPET was still tight, and the prices of rPET transparent bottle flakes and food-grade pellets continued to rise by triple digits! The increase in the price of colored bottle flakes also exceeded the increase in the purchase cost of waste plastic bottles
.

At the same time, brand owners continue to launch new sustainable development projects, but their growing demand for rPET is often not met due to material shortages, and more and more brands have limited supply of materials for new sustainable development projects.
feel frustrated
.

rLDPE

rLDPE prices retreated in January due to weak demand, but recyclers managed to raise prices in February to compensate for higher material and energy costs
.
The price of rHDPE for blow molding was unchanged in January, while the price of black pellets for injection molding fell due to sluggish demand
.
rHDPE demand remained solid in February
.

rPP

In January, rPP recyclers tried unsuccessfully to price in higher energy costs
.
However, demand improved this month, giving room to pass some of the higher energy costs to processors
.
In February, production waste decreased, but there was still enough material
.
rPP demand grew slowly at the beginning of the year, but recovered sharply in February
.
However, demand from the auto industry is still well below expectations
.

rHIPS

rHIPS prices remained unchanged in January
.
Recyclers were only able to partially recover higher costs in February due to competition from cheaper virgin materials
.