Price Assessment

Platts European Recycled LDPE Assessments

  • What are European Recycled LDPE price assessments?
  • How we assess European Recycled LDPE prices?
  • Weekly Market Commentary
  • Weekly Assessment Rationale

What are European Recycled LDPE price assessments?

Platts Recycled LDPE assessments complement our existing virgin LDPE assessments in Northwest Europe, providing market participants with a more complete view of the LDPE market and enabling them to compare market fundamentals and pricing.

Platts assesses recycled LDPE black, grey and translucent pellets derived from post-consumer waste with a melt flow index between 0.3 and 1.2 grams/10 minutes tested at 190 degrees Celsius/2.16kg, suitable for consumer packaging applications in Northwest Europe.

Prices are assessed daily for delivered duty paid 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 LDPE 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.

Weekly Market Commentary

  • Offers remain firm as virgin prices continue to rise
  • May availability causes concern

Spot pricing in the European recycled low density polyethylene market slipped slight in the week ended April 7, as sellers held offer levels firm in a bid to further attract buyers away from the high prices seen in the virgin LDPE market.

Offer levels were seen stable across black, grey and translucent pellets, causing buyers some pause for thought.

However, sources suggested that, with virgin LDPE prices hitting Eur2,150/mt FD NWE, up Eur100/mt on the day, that demand for R-LDPE was not letting up.

Concerns also turned to pellet availability, with sellers suggesting that volumes in May would be limited for each customer, and customers showing concern that they would have to cast a wider net to secure all of the volumes that they needed.

Weekly Assessment Rationale

S&P Global Platts assessed recycled low density polyethylene black pellet spot at Eur645/mt DDP NWE, April 7, down Eur5/mt on the day and on the week, below an offer at around Eur650/mt DDP NWE.

R-LDPE grey pellets were assessed at Eur745/mt DDP NWE, down Eur5/mt on the day and on the week, below a seller indication at around Eur750/mt and maintaining a stable premium to black pellets. Translucent pellets were assessed at Eur915/mt DDP NWE, down Eur5/mt on the day and on the week, above a bid level heard at around Eur900/mt DDP NWE and below an offer level heard at around Eur1,000/mt DDP NWE, maintaining a stable premium to grey and black pellets.

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