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Price Assessment

Platts US Recycled PET Assessments

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

What are US Recycled PET price assessments?

Platts recycled polyethylene terephthalate assessments cover the following markets in the Midwest and West Coast regions of the United States:

• Post-consumer PET bottle bales: FOB LA Premium-grade

• Post-consumer PET bottle bales: FOB LA Curbside

• Post-consumer PET bottle bales: FOB Chicago Curbside

• Clear Flakes: FOB Los Angeles

The above markets are assessed on a daily basis in cents/lb for spot material loading 0-7 days forward from the day of publication for bottle bales and for spot material loading 3-30 days forward for clear flakes.

The daily assessments are also converted to $/mt.

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 (4:00 pm Central Standard Time).

How we assess US 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 (4:00 PM CST).

All the information used to inform the assessment is published transparently on S&P Global 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 US Recycled PET Weekly Commentary

  • Midwest bales see largest daily price gains
  • Market grapples with tight recycled, virgin PET supplies


The US recycled polyethylene terephthalate market continued its upward price trend as feedstocks in both California and the Midwest gained strength on the day Feb. 24.


In California, prices for both premium- and curbside-grade post-consumer bottle bales gained 50 points on the day to be assessed at 17.75 cents/lb and 9.75 cents/lb, respectively, amid pricing indications received at 18 cents/lb and market talk of higher pricing for both grades.

Prices for premium-grade California feedstock have risen nearly 20% since the start of 2021 and 109% since hitting a Platts low of 8.50 cents/lb in August 2020.

The recent strength seen in the California R-PET market has been attributed to a tight-supply/high-demand situation in the state as volume generation continues to be limited while demand from domestic reclaimers remains high. According to sources, buy activity from Mexico, which has been supporting higher prices since Q3 2020, continues to absorb US material. Feedstock prices in the country were heard talked as high as 25-30 cents/lb.

According to one source, "generation is so low that many recycling plants didn't make the amount they should have," causing buyers to cancel orders.

Additionally, the recent supply tightness in the virgin PET market has been exacerbated by the deep freeze that hit much of the US the week of Feb. 15, which caused many feedstock facilities to either temporarily suspend operations or declare force majeure. When virgin PET supplies are tight, manufacturers who have the capabilities often switch to using recycled material or a blend of both.

In the Midwest, feedstock bales finally broke their month-long price streak of 9 cents/lb after gaining 1.50 cents on the day to be assessed at 10.50 cents/lb amid pricing indications received at level and market talk of value at 11-12 cents/lb.

According to sources, supply disruptions on the back of severe winter weather seen in the region in recent weeks are finally starting to catch up to prices, though some anticipate much higher surges in the coming weeks.

Platts US Recycled PET Daily Rationale

Spot LA prices for both premium- and curbside-grade post-consumer PET bottle bales were assessed unchanged on the day March 2 at 17.75 cents/lb and 9.75 cents/lb, respectively, amid previous pricing indications received at 18 cents/lb and market talk of higher pricing for both grades.


Midwest curbside material normalized to a FOB Chicago basis was also assessed flat on the day at 10.50 cents/lb, amid last pricing indications received at level and market talk of value at 11-12 cents/lb.

Clear hot-washed recycled PET flakes were assessed unchanged on the day at 46.50 cents/lb based on previous market talk of pricing at 45-48 cents/lb.

R-PET food-grade pellets were assessed at 65.50 cents/lb on formula-based pricing that accounted for current R-PET flake levels plus a premium that includes processing and transportation costs, as well as other variable costs.

This rationale applies to symbols <APCLA00> <APCLB00> <APCCH00>


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