Asian Recycled PET - Stable in a soft virgin market- Producers
remain concerned about processing
costs- Virgin
PET Prices Move LowerThe steady price of Asian recycled
polyethylene Terephthalate was despite high processing costs and a slight dip
in the virgin PET market. Recyclers
pointed out that conversion costs remain high and will likely continue to rise
over the next month as electricity and labor costs shrink. According to media reports, Malaysia is still experiencing a
shortage of labor due to the tight supply of migrants. Power tariffs in
Thailand will also rise to record levels at 4.4 baht/kilowatt hour between
September and December. Some suppliers
stated that there are still limited upsides to the possibility of losing
customers if prices rise. While premium
grade RPET prices might be supported by sustainability mandates around food and
bottle applications,...