PET Bottle Polymers -EU beverage bottles: 24% recycled content, progress towards circularity, but more work for 2025 targets 01-04-2024
PET Bottle Polymers
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
- Feedstocks PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
- Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF Acrylic Staple Fiber
Nylon price trend
| Polyestertime | |||
| ITEM | 18/03/2024 | 25/03/2024 | +/- |
| Bottle grade PET chips domestic market | 7,100 yuan/ton | 7,150 yuan/ton | +50 |
| Bottle grade PET chips export market | 900 $/ton | 910 $/ton | +10 |
| Filament grade Semidull chips domestic market | 6,830 yuan/ton | 6,890 yuan/ton | +60 |
| Filament grade Bright chips domestic market | 6,850 yuan/ton | 6,900 yuan/ton | +50 |
| Pure Terephthalic Acid PTA domestic market
PET Bottle Polymers |
5,840 yuan/ton | 5,985 yuan/ton |
+145 |
| Pure Terephthalic Acid PTA export market | 725 $/ton | 750 $/ton | +25 |
| Monoethyleneglycol MEG domestic market | 4,480 yuan/ton | 4,490 yuan/ton |
+10 |
| Monoethyleneglycol MEG export market | 525 $/ton | 525 $/ton | – |
| Paraxylene PX FOB Taiwan market | 1,028 $/ton | 1,052 $/ton |
+24 |
| Paraxylene PX FOB Korea market | 1,006 $/ton | 1,030 $/ton | +24 |
| Paraxylene PX FOB EU market | 1,175 $/7on | 1,175 $/ton | – |
| Polyester filament POY 150D/48F domestic market | 7,500 yuan/ton | 7,625 yuan/ton |
+125 |
| Recycled Polyester filament POY domestic market | 7,500 yuan/ton | 7,400 yuan/ton | -100 |
| Polyester filament DTY 150D/48 F domestic market | 8,950 yuan/ton | 9,000 yuan/ton | +50 |
| Polyester filament FDY 68D24F | 8,850 yuan/ton | 8,850 yuan/ton | – |
| Polyester filament FDY 150D/96F domestic market
PET Bottle Polymers |
8,100 yuan/ton | 8,175 yuan/ton | +75 |
| Polyester staple fiber 1.4D 38mm domestic market | 7,400 yuan/ton | 7,470 yuan/ton | +70 |
| Caprolactam CPL domestic market | 12,600 yuan/ton | 12,450 yuan/ton |
-150 |
| Caprolactam CPL overseas market | 1,700 $/ton | 1,650 $/ton | -50 |
| Nylon 6 chips overseas market | 1,975 $/ton | 1,910 $/ton | -65 |
| Nylon 6 chips conventional spinning domestic market | 14,100 yuan/ton | 13,950 yuan/ton | -150 |
| Nylon 6 chips high speed spinning domestic market | 14,550 yuan/ton | 14,300 yuan/ton | -250 |
| Nylon 6.6 chips domestic market
PET Bottle Polymers |
22,200 yuan/ton | 22,200 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 16,550 yuan/ton | 16,450 yuan/ton | -100 |
| Nylon6 Filament DTY 70D/24F domestic market | 18,900 yuan/ton | 18,800 yuan/ton- | -100 |
| Nylon6 Filament FDY 70D/24F | 17,900 yuan/ton | 17,600 yuan/ton | -300 |
| Spandex 20D domestic marke | 33,800 yuan/ton | 33,800 yuan/ton | – |
| Spandex 30D domestic market | 32,300 yuan/ton | 32,300 yuan/ton | – |
| Spandex 40D domestic market | 29,300 yuan/ton | 29,300 yuan/ton | – |
| Adipic Acid domestic market
PET Bottle Polymers |
9,300 yuan/ton | 9,350 yuan/ton | +50 |
| Benzene domestic market | 8,555 yuan/ton | 8,650 yuan/ton | -95 |
| Benzene overseas market | 1,030 $/ton | 1,037 $/ton | +7 |
| Ethylene South East market | 1,010 $/ton | 1,010 $/ton | – |
| Ethylene NWE market CIF | 832 $/ton | 855 $/ton | +23 |
| Acrylonitrile ACN domestic market | 9,700 yuan/ton | 9,800 yuan/ton | +100 |
| Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
| Acrylic staple fiber ASF domestic market
PET Bottle Polymers |
14,600 yuan/ton | 14,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 13,300 yuan/ton | 13,250 yuan/ton | -50 |
| PP Powder domestic market | 7,150 yuan/ton | 7,150 yuan/ton | – |
| Naphtha overseas market | 714 $/ton | 712 $/ton | -2 |
| Phenol domestic market | 7,487 yuan/ton | 7,320 yuan/ton | -167 |
r-PET high end eco-friendly chips =8,300 yuan/ton — 8,300 yuan/ton –
- Nylon price trend – Eastman proudly announces the successful initiation of on-spec production and revenue generation at its new molecular recycling facility in Kingsport, Tennessee 25-03-2024
- New enzyme technology for environmentally friendly plastic recycling
PET Bottle Polymers
Veolia calls on government to escalate Plastic Packaging Tax
Veolia urges the government to ramp up the Plastic Packaging Tax, aiming to boost the market for recycled materials, instill investor confidence, and spur eco-friendly economic development. With a £1.1 billion investment required for ten new plastic sorting and 30 reprocessing facilities, Veolia, in collaboration with WRAP, scrutinized the tax’s effects.
Despite the tax, set at £217.85 per tonne from April 1, 2024, for plastic packaging with less than 30% recycled content, only 22% of plastic packaging materials originate from recycled sources, Veolia noted.
By increasing the tax, Veolia aims to stimulate demand for recycled content, aligning with consumer preferences for sustainability.PET Bottle Polymers
Based on YouGov’s February 2024 survey showing strong public support for more recycled packaging, Veolia’s “Resource the Future” report suggests elevating the tax to 35% recycled content and £275 per tonne initially, reaching 50% and £500 per tonne by 2030. This move necessitates a £1.1 billion investment, creating 2,500 jobs and reducing annual carbon emissions by 1.8 million tonnes.
Veolia emphasizes the importance of adapting the tax to maintain competitiveness with EU standards, where mandatory recycled content targets are set to hit 65% by 2040. Gavin Graveson, Veolia’s Senior Executive Vice President, Northern Europe Zone, underscores the need for recalibration to foster a sustainable market, advocating for swift action to unlock private investment, job creation, and carbon reduction. PET Bottle Polymers
EU beverage bottles: 24% recycled content, progress towards circularity, but more work for 2025 targets
The average recycled content in beverage bottles across the EU has reached 24 percent, marking progress towards circularity, but further efforts are necessary to meet the 2025 EU targets. In 2022, PET collection and recycling surged ahead of the new EU Single-Use Plastic Directive objectives.
Despite uncertainties, the latest PET Market in Europe report reveals significant advancements, yet discrepancies in PET collection, sorting, and recycling persist across Europe, posing challenges to EU recycling goals in the medium and long term.
PET collection rates soared to 60 percent in 2022, up from 45 percent in 2020, with a staggering 75 percent of PET beverage bottles sorted for recycling, compared to 61 percent in 2020. PET Bottle Polymers
This growth is expected to continue, driven by the expanded adoption of deposit-return systems throughout Europe. Additionally, nearly 2.7 million tonnes of PET waste were sorted for recycling, with a total installed recycling capacity of around 3 million tonnes, including 1.4 million tonnes earmarked for food contact applications.
In 2022, packaging, particularly bottle-to-bottle recycling, dominated rPET end-use, comprising 48 percent, while 25 percent was utilized in sheets (trays), and the remainder in non-packaging applications like polyester fibers (15 percent), strapping (six percent), and others (six percent).
To achieve true circularity, the EU must address discrepancies among member states in collection, recycling, and uptake, as some risk missing 2025 targets without sustained investment. PET Bottle Polymers
Tailored actions are necessary per member state to enhance waste collection, recycling infrastructure, and meet set targets, alongside implementing the SUPD and further investing in waste management and recycling sectors to uphold EU industry competitiveness.
PET Bottle Polymers
