02 Apr 2024 | 12:41 UTC

Platts launches publication of virgin/recycled PP, PS and ABS spreads in Europe

Platts, part of S&P Global Commodity Insights, has started publishing spreads between virgin and recycled prices for polypropylene, polystyrene and ABS markets in Europe, effective April 2.

The databased spreads were proposed following market feedback of shifting consumption trends in all three markets based on the cost competitiveness of recycled or virgin polymers, and will provide increased pricing transparency on comparative values of fossil based and sustainable plastics markets.

The new symbols, derived from Platts assessments, are as follows:

New Symbol Recycled Basis Symbol Virgin Basis Symbol
Recycled ABS Black Pellets Spread to Virgin ABS DDP NWE - ARPTR00 R-ABS black pellet spot price - CRABS01 General Purpose ABS weekly spot - AAQCT00
Recycled PP Natural Pellets Spread to Virgin PP DDP NWE - ARPTP00 Natural Polypropylene pellets daily spot assessment - ARPEB00 Homopolymer PP daily spot assessment - AALUR00
Recycled PS Black Pellets Spread to Virgin HIPS DDP NWE - ARPTQ00 Black Recycled Polystyrene pellets spot price - RPSBN00 General purpose polystyrene weekly spot assessment - AALUN00

The new spreads are published on a daily basis for R-PP, and a weekly basis (Wednesday) for R-ABS and R-PS, in line with the frequency of virgin assessments in these markets.

The calculated R-PS and R-ABS spreads are derived from the price published on Wednesday in each respective recycled market.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.