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

  • Legislation driving demand, not enough supply
  • Blow moulding grade for bottles in demand


Asian recycled high density polyethylene natural film pellets were assessed unchanged from the previous session at $1,080/mt FOB Southeast Asia Jan. 26, amid thin trading.


Tight supply was heard specifically in the recycled HDPE blow molding grade for manufacturing bottles, which Platts does not assess.

There was infrastructure, quality constraints to increase global recycled HDPE content in beverage bottles over the next 10 years, traders said. There is a European legislation to increase recycled content to 25% by 2025, and 30% in all plastic bottles by 2030.

In Asia, the Japan Soft Drink Association targets 50% of recycled bottles by 2030, while in Australia, there was a target of 70% of plastic packaging to be recycled and all packing to include 50% recycled content by 2025.

The current global recycled content in bottles had been low at around 7-8%, sources said.

R-PE bottle demand will grow up to 4-5 million in 2022, according to Platts Analytics data.

The long-term outlook seemed bullish as R-PE demand seems to outweigh supply availability to meet legislation and corporate commitments in the next few years, sources said. Newly announced capacity build of recycled PE, PET in Southeast Asia will likely moderate virgin PE demand growth going forward, sources said.

Asian Recycled HDPE Daily Rationale

Asian recycled high density polyethylene natural film pellets were assessed unchanged from the previous session at $1,080/mt FOB Southeast Asia Jan. 26, amid thin trading.


The intraday value was uncontested.

This rationale applies to symbol <PHALH00>

Daily prices can be found on <PCA709>


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