Price Assessment

Platts Asia Recycled PET Assessments

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

What are Asian Recycled PET price assessments?

Platts daily recycled PET assessments cover clear flake material with a PVC content of 50-100ppm and less than 30ppm. Both the standard grade clear flake assessment and the premium grade are for material loading in Southeast Asia and complement Platts existing virgin PET assessments in Southeast Asia and Northeast Asia.

Material is for loading 3-21 days forward from the day of publication out of typical ports Port Klang in Malaysia, Bangkok in Thailand, and Jakarta in Indonesia. Indications from other ports may be taken into consideration as well.

The price assessments are complemented by a daily rationale and weekly commentary, which explains how the price assessments are reached and delve into the market fundamentals observed throughout the week.

Prices are assessed in $/mt.

How we assess Asian Recycled PET 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.

Platts Asian Recycled PET Weekly Commentary

  • Market waits amid falling oil
  • Healthy demand for high-quality R-PET from the West


Asian recycled polyethylene terephthalate prices stayed rangebound in the week ended on Dec. 1 with cautious sentiment amid an unclear market outlook.


Demand remained healthy for the high-quality R-PET grade, especially from the West, sources said. Nevertheless, R-PET export prices on an FOB basis were under pressure amid rising freight costs and container shortages.

Clear color R-PET flakes with PVC content of less than 30 ppm edged $5/mt lower on the week to be assessed at $855/mt FOB Southeast Asia on Dec. 1, S&P Global Platts data showed.

Meanwhile, clear color R-PET flakes with PVC content of 50-100 ppm rose $10/mt to $770/mt FOB Southeast Asia over the same period due to limited supply.

Trade participants were closely monitoring the volatile and tumbling oil prices, with sources worried about the demand outlook for R-PET fiber grade amid falling virgin PET prices.

Asian recycled plastics markets were not as resilient as the markets in Europe and the US, where demand was largely driven by legislations and voluntary commitments, sources said.

Nevertheless, there was still buying interest from customers for R-PET fiber grade, although the quantities were not large, a trader said.

Falling oil prices had little impact on Asian R-PET prices, and R-PET trade participants were heard adopting a wait-and-see approach before price adjustments in the coming days or weeks, sources said.

The ICE Brent crude oil February futures contract fell $9.67/b, or 11.9%, on the week to $71.81/b on Dec. 1 at 4:30 pm Singapore time (0830 GMT), Platts data showed.

Separately, R-PET raw material bales supply was heard improved in some Southeast Asia regions like Indonesia and Thailand amid the improved pandemic situation and social activities, sources said. Nevertheless, market sentiment remained cautious due to the omicron variant.

Platts Asian Recycled PET Daily Rationale

Asian R-PET clear flakes with PVC content of 50-100 ppm was assessed $10/mt higher day on day at $780/mt FOB SE Asia Dec. 3, reflecting higher discussions heard for adjacent grades.


Tradable discussions were heard from a seller at $760-$860/mt FOB Thailand for mixed clear and light blue color flakes with PVC content of less than 100 ppm. The price spread was heard at around $20-$30/mt between clear color flakes versus mixed clear and light blue color flakes.

Premium R-PET clear flakes with PVC content of less than 30 ppm was assessed stable at $855/mt without fresh indications heard. Market sentiment is stable.

This rationale applies to symbol(s) <RPTSE00> and <RPTSF00>


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