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Price Assessment

Platts Asia Recycled HDPE Assessments

  • What are Asia Recycled HDPE price assessments?
  • How we assess Asian Recycled HDPE prices
  • Asian Recycled HDPE Weekly Commentary
  • Asian Recycled HDPE Daily Rationale

What are Asia Recycled HDPE price assessments?

Platts recycled high density polyethylene FOB spot assessment covers film grade clear pellets in Southeast Asia and complements Platts existing virgin PE assessments in Asia.

The spot assessment has the following specification:

Grade: Film grade clear, transparent and natural colored pellets suitable for consumer packaging applications


Cargo size and basis: Minimum 15 mt for loading 15-30 days forward from the date of publication, from Port Klang in Malaysia, Bangkok in Thailand, Jakarta in Indonesia, Singapore, Batangas in Philippines and Cat Lai in Vietnam.

Price information on loadings from other ports within Southeast Asia may be taken into consideration and normalized to the basis ports for the assessment.


The assessment reflects standard market payment terms. Typical market payment terms are on a telegraphic transfer basis, with a 30% deposit and the rest of the payment on arrival.


Platts takes into consideration price information gathered up to the close of the Platts Market on Close assessment process at 4:30 pm Singapore time (0830 GMT).


The price assessment is complemented by a daily rationale and weekly commentary, which explains how the price assessment is reached and delves into the market fundamentals observed throughout the week.

How we assess Asian Recycled HDPE prices

Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4.30 pm Singapore time) on each day.

All the information used to inform the assessment is published transparently on Platts platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.

A weekly market commentary accompanies the price assessments and rationale, which highlights the most important trends that have affected the markets that week and provides insight into what the market expects over the coming weeks.

Asian Recycled HDPE Weekly Commentary

  • Two-tier recycled polymer demand, especially in top-end markets
  • Producers investigate chemical recycling


Asia recycled PE remained stable amid thin trade Feb. 24.


The repercussions of the coronavirus pandemic still tested recycled plastics markets with tight supply and poor economics as the key hurdles for both sellers and buyers. The recycled plastics industry had already been plagued by cheap virgin PE, high fixed-processing costs and export restrictions, and most sustainability legislation took a back seat as the countries focused on containing the virus. Without government mandates, R-PE demand is expected to remain weak as cost-sensitive garbage bag manufacturers increasingly reject recycled material for low-cost virgin resin.

Supply of post-consumer waste bales has been severely limited during the pandemic due to labor shortages and collection cuts, prompting PE bale prices to surge and recycled pellet output to decline, due to lower margins.

This primarily caused fragmentation in the recycled markets, with demand for higher grade material robust and lower-grade suffering the full effects of the economic slowdown.

The more economically sensitive buyers --- switched more volumes to the virgin market.

At the top end of the market, however, dwindling supply is being consolidated by a small proportion of larger buyers, who remain committed to publicly announced sustainability initiatives.

Countries lacking infrastructure for both waste collection and reprocessing will see scant government support, with other sectors of their economies the more immediate priority, observers said.

However, the growth in the use of plastics and increasing pressure on the recycling industry to utilize resources more efficiently should push the market to growth mode in the near term, sources said.

Producers were investigating chemical recycling, which can play a crucial role in converting hard or difficult to recycle plastic wastes such as used mixed plastic waste and enabling its conversion back to the same, or similar polymers. This chemical recycling would also boast a carbon footprint advantage over incineration, offers greater flexibility and broader coverage of waste types. Chemical recycling also produces virgin-like quality as compared with mechanical recycling, and hence, can be used in more stringent applications, where conventional mechanical recycling is not possible, sources said.

Asian Recycled HDPE Daily Rationale

Asian recycled high density polyethylene clear film pellets were assessed up $20/mt day on day at $950/mt FOB Southeast Asia Feb. 26.


A buying idea was heard at $940/mt FOB SE Asia.

This rationale applies to symbol(s) <PHALH00>.

(Daily prices can be found on <PCA709>)


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