New York, June 23, 2021/PRNewswire/ - S&P Global Platts, a leading independent supplier of commodity and energy market information and benchmark prices, launched today in the United States, Europe and Southeast Asia Six new recycled plastics daily price assessment spot physical market. Based on a robust price evaluation method, the new evaluation of the three types of recycled polymers (R-HDPE, R-PP and R-LDPE) is the first in their respective regions and will help market participants understand the value of recycled plastics. Tradeable commodities. Ben Brooks, head of S&P Global Platts Plastic Recycling Price Report, said: "We are pleased to expand the coverage of recycled plastic prices and provide market participants with important new insights on the spot market value of other types of recycled polymers. Provide transparency in high-quality recycled plastic When the supply of raw materials is facing major challenges and emerging markets are getting more and more attention from consumers and legislators, the key trading areas of these still developing markets are particularly important." "Historically, the recycled polyethylene terephthalate (R-PET) market is the most advanced in the recycling market, and it is also the market that is the focus of legislation. But as the broader market recognizes more and more The need to incorporate more recycled content from consumer packaging, consumer durables and auto parts, the need for transparent and reliable data and insights will only grow," Brooks added.
United States Platts has launched three new daily assessments for recycled high-density polyethylene (R-HDPE), which are commonly used to make shampoo and detergent bottles. These complement Platts' existing assessments of recycled HDPE in Europe and Asia, and demonstrate for the first time a truly global vision of these markets. In addition, in combination with Platts' existing raw plastic evaluation, the new evaluation expands the transparency of the entire R-HDPE value chain-from raw polymer raw materials to post-consumer HDPE waste and recycled HDPE particles. Europe Platts has conducted two daily on-site assessments of recycled polypropylene (R-PP) pellets in Northwest
Europe, which are used to make rigid consumer packaging, such as flower pots and car bumpers. This is Platts' first global assessment of recycled PP. Through this assessment, Platts now provides insights into the three main types of recycled polymers (R-PET, R-PP, and recycled polyethylene R-PE).
Asia Platts launched the first Asian daily assessment of recycled low-density polyethylene (R-LDPE) for consumer product packaging such as food bags and trash can linings. The new assessment reflects the FOB (FOB) price of recycled LDPE film particles in Southeast Asia, and is proposed at a time when demand continues to increase. According to data from S&P Global Platts Analytics, by the end of 2021, the newly-announced renewable PE capacity construction in Southeast Asia will reach 50,000 metric tons per year, and it may moderate the future growth of Virgin PE demand.
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