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IndiaThroughout Q1 2025, the R-PET market remained largely soft across key regions. In the USA, Post-consumer PET Bottle Bales (Premium-grade) FOB Los Angeles prices rose modestly by 0.8% from the previous quarter to an average of USD 577/MT as spring collection volumes stayed limited. Flakes FOB Los Angeles prices continued to slip slightly, reflecting cautious demand from downstream converters. Food Grade Pellets FOB Los Angeles prices inched higher by 0.6% to USD 1615/MT amid steady offtake from food packaging industries. In Europe, Post-consumer PET Bottle Bales FD Hamburg prices fell by 2.4% to USD 571/MT due to persistent high inventories, while Food Grade Pellets FD Hamburg dropped by 1.3% to USD 1657/MT and Flakes FD Hamburg slipped by 1.6%. In Saudi Arabia, Flakes Ex-Jeddah prices averaged USD 791/MT, showing a slight decline of 0.2%. In China, Flakes FOB Shanghai prices declined by 1.1% to USD 825/MT as demand stayed muted after the Chinese Lunar New Year festivities.
During Q4 2024, the R-PET market displayed a mixed performance across the global market. In the USA, Post-consumer PET Bottle Bales (Premium-grade) FOB Los Angeles prices edged up by 1.5% to USD 572/MT as colder weather limited collection rates. Flakes FOB Los Angeles prices posted a marginal decrease, while Food Grade Pellets FOB Los Angeles prices rose by 1.2% to USD 1606/MT supported by consistent demand from the beverage sector. In Europe, Post-consumer PET Bottle Bales FD Hamburg prices dropped sharply by 7.7% to USD 585/MT, reflecting an oversupply situation. Food Grade Pellets FD Hamburg prices decreased by 6.0% to USD 1678/MT, and Flakes FD Hamburg fell by 1.2%. Middle East-origin Flakes Ex-Jeddah prices dropped by 2.1% to USD 793.33/MT due to softer export activity, while in China, Flakes FOB Shanghai prices improved by 1.2% to USD 834/MT driven by year-end restocking.
Throughout Q3 2024, the R-PET market showed mixed trends across key markets. In the USA, Post-consumer PET Bottle Bales (Premium-grade) FOB Los Angeles prices averaged USD 564/MT, declining sharply by 20.3% quarter on quarter amid weaker collection and reduced recycler demand. Flakes FOB Los Angeles prices remained largely stable, while Food Grade Pellets FOB Los Angeles prices held flat at USD 1586/MT with steady consumption from the packaging sector. In Europe, Post-consumer PET Bottle Bales FD Hamburg prices fell by 10.5% to USD 633/MT, pressured by high inventories, while Food Grade Pellets FD Hamburg prices rose by 6.9% to USD 1785/MT driven by robust demand. Flakes FD Hamburg prices also gained by 8.2%. In Saudi Arabia, Flakes Ex-Jeddah prices dropped by 4.6% to USD 810/MT due to improved local supply. Meanwhile, Flakes FOB Shanghai prices edged up by 1.0% as buyers prepared for the upcoming holiday season.
In Q2 2024, the R-PET market saw a more pronounced price increase, rising by 9.5% in North America. This surge was primarily driven by heightened demand from the packaging industry, bolstered by the seasonal uptick in consumer goods and packaging requirements during the summer months. Simultaneously, Germany’s R-PET market also experienced rising prices due to a perfect storm of supply constraints, increased production costs, and strong demand across multiple sectors. A significant contributor to the price rise was the shortage of post-consumer bales, which are essential for R-PET production. The tightening supply of bales left suppliers with little choice but to raise their rates to compensate for the shortfall.
In Q1 2024, the US R-PET market experienced a bullish trend, with the price of Recycled Polyethylene Terephthalate (R-PET) Flakes increasing by approximately 6.2%. Despite softer demand from key downstream sectors such as textiles and bottle manufacturing, the market held steady, benefiting from a well-balanced supply and demand dynamic. Manufacturers adopted a cautious stance in the spot market, where trading activity remained subdued, reflecting broader uncertainty in consumption patterns. The early part of the year saw industry players navigating these challenges, but the R-PET market remained resilient, maintaining its price stability in the face of shifting demand dynamics.
Throughout Q1 2025, the R-PET market in India witnessed a mild recovery across major grades. Post-consumer PET Bottle Bales Ex-Bhiwandi prices increased by 3.0% on a quarter-on-quarter basis to an average of USD 512/MT, supported by improved collection activities and stable downstream demand. Food Grade (Granules) Ex-Nagothane prices rose by 1.0% to USD 1257/MT amid steady offtake from the food and beverage packaging sector. Flakes Ex-Mumbai prices edged higher by 0.8% to USD 791/MT as recyclers saw consistent buying interest following the festive season restocking.
During Q4 2024, the Indian R-PET market recorded a slight correction in prices amid slower year-end demand. Post-consumer PET Bottle Bales Ex-Bhiwandi prices declined by 3.3% to USD 497/MT due to abundant availability and weaker collection rates. Food Grade (Granules) Ex-Nagothane prices softened by 2.0% to USD 1244/MT, reflecting reduced order volumes from converters. Similarly, Flakes Ex-Mumbai prices decreased by 2.8% to USD 785/MT as overall market activity slowed toward the end of the calendar year.
In the third quarter of 2024, the Indian R-PET market exhibited a varied trend across its different segments. Post-consumer PET Bottle Bales Ex-Bhiwandi prices averaged USD 514/MT, witnessing a fall of 2.5% compared to the previous quarter due to monsoon-related collection challenges. Food Grade (Granules) Ex-Nagothane prices remained relatively stable with a marginal drop of 0.5% to USD 1270/MT, while Flakes Ex-Mumbai prices increased by 3.3% to USD 808/MT, driven by solid export orders and demand from sheet manufacturers.
Throughout Q2 2024, the R-PET market in India remained firm across most grades. Post-consumer PET Bottle Bales Ex-Bhiwandi prices rose by 2.7% to USD 527/MT supported by improved collection activities post-monsoon. Food Grade (Granules) Ex-Nagothane prices increased by 1.4% to USD 1276/MT due to sustained demand from domestic converters. Flakes Ex-Mumbai prices climbed by 2.2% to USD 782/MT following stronger end-use sector demand and marginally tighter supplies.
In Q1 2024, the Indian R-PET market showed a stable to firm trend. Post-consumer PET Bottle Bales Ex-Bhiwandi prices posted a 1.0% quarterly increase to USD 513/MT amid steady domestic recycling activities. Food Grade (Granules) Ex-Nagothane prices slightly softened by 0.2% to USD 1259/MT owing to cautious downstream buying. Meanwhile, Flakes Ex-Mumbai prices rose significantly by 5.7% to USD 765/MT supported by healthy domestic and export demand.
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Recycled Polyethylene Terephthalate (R-PET) is a sustainable material made from post-consumer PET waste, such as recycled plastic bottles and containers. By reusing PET, R-PET reduces the need for virgin plastics, helping to minimize plastic waste and its environmental impact. R-PET maintains the same strength, durability, and versatility as virgin PET, making it suitable for a wide range of applications, including packaging (beverage bottles, food containers), textiles (clothing, upholstery), automotive parts, and construction materials. R-PET is fully recyclable, supporting a circular economy by encouraging the reuse of materials. It offers a cost-effective alternative to virgin PET, reducing production costs for manufacturers. Additionally, R-PET’s resistance to moisture and chemicals makes it ideal for consumer and industrial use. As demand for sustainable materials grows, R-PET is increasingly becoming a key material for companies seeking to reduce their environmental footprint while maintaining product performance and quality.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Applications
R-PET (Recycled Polyethylene Terephthalate) is a sustainable and versatile material derived from post-consumer PET waste, widely used across various industries due to its durability, strength, and eco-friendly properties. In the packaging industry, R-PET is used for beverage bottles, food containers, and packaging films, offering an environmentally responsible alternative to virgin plastics. It is commonly found in packaging for soft drinks, water, juices, and consumer goods. In the textile sector, R-PET is converted into Polyester fibres used in clothing, sportswear, upholstery, and home textiles like carpets and curtains. Additionally, R-PET plays a key role in the automotive industry, where it is used in interior components such as door panels, seat covers, and insulation materials. The construction industry benefits from R-PET in products like insulation, roofing materials, and floor coverings, promoting energy efficiency. It is also used in consumer goods such as bags and office supplies and in agriculture for films and nets. R-PET is available in several grades, each suited to different applications. Premium-grade Post-consumer PET Bottle Bales are ideal for high-quality products like food-grade packaging, while standard Post-consumer PET Bottle Bales are used for non-food packaging and construction materials. Flakes and Food Grade Pellets are used for manufacturing textiles, automotive parts, and food-safe packaging. With its wide range of applications and grades, R-PET is a crucial material for promoting sustainability and reducing plastic waste.
The price of R-PET is primarily influenced by several key factors. One of the most significant is the cost of Ethylene, which is derived from crude oil and naphtha. As oil prices fluctuate, so does the cost of PET production. In addition, supply and demand dynamics play a crucial role. When industries like packaging, textiles, and construction experience higher demand for R-PET, prices tend to rise, whereas an oversupply of recycled material can lead to price reductions. Other factors affecting pricing include logistics issues, such as shipping disruptions, port congestion, or high freight rates, which can increase transportation costs. Regional market conditions—including economic growth, local regulations, and recycling infrastructure—also have an impact on price fluctuations.
Procurement managers can secure the best price for R-PET by adopting several strategies. First, staying informed about global market trends and price forecasts is essential to anticipate price movements. Long-term contracts can help lock in favorable prices and mitigate price volatility. Additionally, purchasing in bulk allows for negotiating better rates with suppliers. Diversifying suppliers across multiple regions can also offer competitive advantages, reduce reliance on a single source, and help manage risks associated with price fluctuations or supply disruptions.
Global events can have a significant impact on R-PET prices. Geopolitical tensions and natural disasters can disrupt supply chains, leading to shortages and higher prices. Similarly, fluctuations in crude oil prices—a key raw material in PET production—can directly influence R-PET pricing. Economic events, such as a global recession or shifts in demand from major industries, can also drive prices up or down. For instance, a slowdown in manufacturing during an economic downturn could reduce demand for R-PET, lowering prices, while a surge in consumer demand or supply chain issues may result in price hikes. It’s crucial for procurement managers to monitor these global developments to anticipate and adapt to market changes.
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