Skip to main content

ICIS: rPET suffers in ‘narrow’ US market

United States – An oversupply of PET in the USA and plummeting crude oil prices had a ‘devastating effect’ on pricing in the primary and recycled PET (rPET) markets in 2015, according to an analysis by American petrochemical specialist ICIS.

The midpoint price difference between virgin and rPET pellets fell from 12 cents per lb on the US east coast in January last year to just 3.5 cents by December. ‘That is a drop of 78% in the difference between the two products,’ ICIS points out.

On the US west coast, meanwhile, the decrease over the same period was 62% – from 8 cents per lb to 3 cents. Market sources have argued that 2016 will likely hold the same ‘narrow’ scenario for rPET.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

UK deposit return scheme challenged
Cheaper crude oil adds pressure

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe