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Price Assessment

Platts European Recycled HDPE Assessments

  • What are European Recycled HDPE price assessments?
  • How we assess European Recycled HDPE prices
  • Platts European Recycled HDPE Weekly Commentary
  • Platts European Recycled HDPE Weekly Rationale

What are European Recycled HDPE price assessments?

Platts recycled-HDPE assessment complements our existing virgin HDPE assessments in Northwest Europe, providing market participants with a more complete view of the HDPE market and enabling them to compare market fundamentals and pricing.

Platts assesses recycling HDPE light-colored pellets, suitable for consumer packaging applications in Northwest Europe as well as the post-consumer mixed HDPE bales market.

Prices are assessed daily for free delivered material in EUR/mt.

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

How we assess European 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 London 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 European Recycled HDPE Weekly Commentary

  • Expectations of further demand before year end
  • Steady bales supply keeps margins stable

The European recycled high density polyethylene market was largely balanced this week, with stable pricing across the light pellet market and the post-consumer mixed bales markets. Relative calm was seen following increasing demand since September and corresponding increases in prices, particularly seen in the pellet market.

"Pellet demand is better but volumes are still available," a recycler said, adding, "some smaller facilities are still closed but bigger ones are running harder, so the market is balanced for now."

In the bales market specifically, recyclers had not received requests from suppliers to increase prices. As a result, stable spot pricing this week led to a stable discount to light pellets at Eur790/mt. However, some expectations were that consumers will continue to ramp up demand for pellets by the end of the year in order to position themselves for the expected EU plastics tax due on Jan. 1, 2021.

Platts European Recycled HDPE Weekly Rationale

S&P Global Platts assessed R-HDPE light pellets at Eur980/mt FD NWE Oct. 21, stable on day and on week, within a corroborated range heard at Eur950-Eur1,000/mt. Post-consumer mixed HDPE bales were assessed at Eur190/mt FD NWE, stable on day and on week, within ranges heard at Eur150-Eur200/mt amid balanced fundamentals heard.

Methodology and Specifications

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