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Price Assessment

Platts European Recycled PET Assessments

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

What are European Recycled PET price assessments?

Platts recycled polyethylene terephthalate assessments cover the following markets in the UK and Northwest Europe:

• Post-consumer PET bottle bales FD NWE
• Recycled-PET flakes FD NWE
• Recycled-PET flakes FD UK
• Recycled-PET Mixed Colored Flakes FD NWE
• Recycled-PET Mixed Colored Flakes FD UK
• Recycled-PET food-grade pellets FD NWE
• Recycled-PET food-grade pellets FD UK

The above markets are assessed on a daily basis in Eur/mt and GBP/mt for spot material loading 3-30 days forward from the day of publication.

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) each day.

How we assess European 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 London time) each day.

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

A weekly market commentary, published on a Wednesday, 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 PET Weekly Commentary

  • Mixed colored flakes under further pressure
  • Further coronavirus restrictions not expected to boost demand


European recycled polyethylene terephthalate demand was steady in the week ended Oct. 21, despite a narrower premium over virgin resin since the start of the month.


This narrower premium in Northwest Europe, standing at Eur10/mt on Oct. 21, compared with Eur25/mt on Oct. 1 and compared with an all-time high of Eur160/mt on May 18, has not spurred consumers to increase R-PET demand, according to sources. "The R-PET premium is narrowing, but we are still purchasing more virgin than recycled," one source said, adding, "probably others are going in that direction too."

This was confirmed by a recycler, who said "R-PET demand is not being influenced by the narrower margin to virgin. Converters have already changed their ratios to favor virgin and do not want to change back. Production is smoother now there is more virgin in the mix."

Mixed colored flakes were under even more pressure than clear flakes, although prices remained stable this week. The bottom range of indications hit Eur600/mt FD NWE this week, as sellers saw dwindling demand from packaging and strapping.

Amid further coronavirus-related restrictions being implemented and expected across Europe, sellers reported that retailers had sufficient stocks and were far better prepared for any increase in consumer purchasing than in the spring.

In the post-consumer bales market, spot prices were stable this week, bucking the trend of rising prices observed so far during the autumn. Expectations pointed to further tightening supply, in perhaps 2-3 weeks, according to some. But, for now, supply availability was acceptable, particularly considering production rates had fallen in general across Northwest Europe. One recycler noted that they believed production rates to be in the 70%-80% range.

Platts European Recycled PET Weekly Rationale

S&P Global Platts assessed Northwest European post-consumer PET bottle bales at Eur380/mt FD NWE Oct. 21, stable on the day and on the week, within a range of indications heard at Eur360-Eur400/mt.


NWE R-PET clear flakes were assessed at Eur740/mt FD NWE Oct. 21, stable on the day and on the week, within a range heard at Eur740-Eur750/mt. In the UK, clear flakes were assessed at GBP675/mt FD UK, stable on the day and on the week, in line with indications and mirroring stability in NWE. NWE mixed colored flakes were assessed at Eur620/mt FD NWE, stable on the day and on the week, within a range of indications heard at Eur600-Eur635/mt. UK mixed colored flakes were assessed stable on the day and on the week at GBP565/mt FD UK, mirroring stability in NWE, pending fresh indications. NWE R-PET food-grade pellets were assessed stable on the day and on the week at Eur1,270/mt FD NWE, within a corroborated range heard at Eur1,200-Eur1,300/mt. UK R-PET food-grade pellets were assessed at GBP1,140/mt FD UK, stable on the day and on the week, within a range heard at GBP1,100-1,200/mt and mirroring stability in NWE.


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