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Demand for rPET increases in Asia with lockdowns lifting

September 27/2021

MOSCOW (MRC) -- With the lifting of lockdowns in various Southeast Asian countries, there are signs of demand improvement in consumer markets of recycled polyethylene terephthalate (rPet), reported S&P Global.

Demand for rPET is increasing especially for packaging and flexible film, which could potentially provide some supply for more recycled plastics, though the overall market fundamentals will remain tight in Southeast Asia.

Asian R-PET sellers are expected to release new offers for October in the week starting Sept. 27, though some are still facing a backlog of orders amid container shortage and high freight.

We remind that, as MRC informed earlier, Alpek (Monterrey, Mexico)  expects to finish commissioning and begin production at a Reading, Pennsylvania, rPET facility in the third quarter of 2021, said CEO Jose de Jesus Valdez in August, 2021. DAK Americas, Alpek's US subsidiary, bought the facility in late-May for USD98.1 million at an auction in the bankruptcy case of California recycled PET producer CarbonLite.

Valdez said the recycling and pelletization facility is one of the largest recycled PET units in the Americas, and can produce food-grade pellets.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.


mrcplast.com
Author:Margaret Volkova
Tags:Asia, North America, South America, PET-granulate, recikling, packaging, PET bottles, Alpek, DAK Americas.
Category:General News
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