imprint EDITORIAL PUBLISHER Alexander Büchler, Managing Director HEAD OFFICE heidelberg business media GmbH Hubweg 15 74939 Zuzenhausen, Germany phone: +49 6221-65108-0 fax: +49 6221-65108-28 info@petpla.net EDITORIAL Kay Barton Heike Fischer Gabriele Kosmehl Michael Maruschke Ruari McCallion Anthony Withers WikiPETia. info petplanet@petpla.net MEDIA CONSULTANTS Martina Hirschmann hirschmann@petpla.net Johann Lange-Brock lange-brock@petpla.net phone: +49 6221-65108-0 fax: +49 6221-65108-28 LAYOUT AND PREPRESS EXPRIM Werbeagentur | exprim.de Matthias Gaumann READER SERVICES reader@petpla.net PRINT Chroma Druck Eine Unternehmung der Limberg-Druck GmbH Danziger Platz 6 67059 Ludwigshafen, Germany WWW www.hbmedia.net | www.petpla.net PETplanet Insider ISSN 1438-9459 is published 10 times a year. This publication is sent to qualified subscribers (1-year subscription 149 EUR, 2-year subscription 289 EUR, Young professionals’ subscription 99 EUR. Magazines will be dispatched to you by airmail). Not to be reproduced in any form without permission from the publisher. Note: The fact that product names may not be identified as trademarks is not an indication that such names are not registered trademarks. 3 PETplanet Insider Vol. 23 No. 12/22 www.petpla.net Dear readers, We wouldn’t want to deprive you of the current market situation. We think the summary from Pulse, PETplanet’s monthly price overview, speaks for itself: Lower PET price despite higher energy costs In October, the high energy costs seem to have had no influence on the PET price. According to the available information, PET currently costs around 1,360-1,400€/t. PET is therefore around 95€/t cheaper than in September. “With the high energy costs, we need a sale price of at least 1,500€/t. Otherwise, production isn’t viable,” says one producer. Besides the high energy costs, transport costs that have increased by 20% are also a major cost factor. “We are bound to contracts that we agreed last year under quite different conditions.” Numerous European PET producers are therefore trying to reduce capacities with a shutdown and save energy that way. Four European manufacturers have announced shutdowns for the autumn. Later and later deals For several months already, it has been clear that price deals for feedstocks are being made later and later. Often, at the end of the month there has only been one or even no deal for feedstocks. This situation became particularly evident in October. Asian PET in high demand PET from Asia is currently especially cheap and therefore in very high demand. Compared to September, prices have fallen again. The Asian countries are profiting from cheaper oil from Russia and lower electricity and gas prices. No wonder more and more European processors are importing the necessary quantities of PET from Asia. At 930US$/t FOB, China is by far the cheapest provider. On average, Asian PET costs around 1,000US$/t FOB. As container prices have meanwhile also fallen sharply, Asian PET producers are amongst the winners in the current situation. Recyclate prices remain at a high level Also in October, prices for recyclate have moved very little. For flakes, prices of around 1,500-1,600 €/t have been quoted. Compared to last month, regranulate currently costs a little less, around 2,500 €/t. The major retail companies, especially discounters, are turning to their own closed circulation systems. The aim is to lower the costs for recyclate and to be independent of the market. With these impressions of the current situation on the PET market, we enter the new year with the hope of improvement! We look forward to accompanying you again next year and wish you happy holidays! Yours, PETplanet Insider Team
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