European RPET: Clear flake price slips amid slow market
fundamentals-  Recyclers
are bearish in quiet spot market activity-  As
oversupply continuesThe fundamentals of the European recycled
polyethylene-terephthalate market were subdued for the week ending Nov. 9, with
clear flake price drops. Although
the gap between recycler and consumer price ideas was widening this week, low
spot demand and abundant clear flakes led to a slight shift in price
expectations for recyclers. Although the
outlook was bleak for November, most sources agreed that prices will soon
bottom as rising energy costs offer a floor. The fundamentals of mixed colored flakes were somewhat
stronger due to tighter supply and low feedstock availability. However,
sentiment was still impacted by low construction demand. While pellet prices remained stable, support came from
tighter supply and consumers consistently taking full...