PET & feedstock prices have been on the upward trend driven by shortage in supply.  Paraxylene is now fetching Euro 817 tonne, a increase of Euro 57, as one manufacturer in France recently declared force majeure.

Generally towards the summer period, demand for PET will increase further fueled by higher demand for bottled water and beverages. Bottlers will need to replenish their stock levels. Sources in the market have commented that PET is currently in short supply and expensive

With the rise of virgin PET prices, the gap between rPET and VPET will become smaller at not too long – bringing fresh hopes for PET recycling business.

However , quality issues, relating to bales still remain a major area of difficulty and the high price of clean washed flake in relation to virgin PET resin creates financial problems with economics of upgrading the former to Food Grade RPET pellets.

The EU circular economy model is becoming more of a reality and it is the brandowners and retailers that are driving this.

How are the PET producers transitioning towards the circular economy ?  There needs to be flexibility, innovation, communication and collaboration to build a truly sustainable packaging supply chain.

How are PET converters, sheets producers  and thermoform tray producers adapting to this change ?

How will renewable resources perform given that crude oil prices are still low ? 

Topical issues like these and more will be highlighted at CMT’s 18th Greater Europe PET (GEPET) which will be held this year in Barcelona Spain on the 27-28th of April.

Sign up now to catch on the latest discussions and key highlights including

• Adapting raw material challenges for European producers and continuing shortfall of PX, PTA
• European PET & RPET market outlook  
• Breakthroughs in high temperature resistant A-PET for packaging applications         
• Capturing opportunities in the growing Fresh food and Food-to-go market      
• European markets and economy outlook          
• Update on Bio-MEG and electrochemical CO2 to chemicals
• Building Partnerships along the PEF Value-chain – the Synvina story
• Adapting to PET market growth & entering new market segments
• The circular economy and what it means for European PET producers
• New PET innovation in the beverage packaging market 
• Moving from HDPE extrusion blowmolding  to PET single blowmolding systems with substantial cost savings
• Ecoiberia’s new food grade rPET flakes and applications from thermoforming to injection
• Natural juice 100% Royal Apple from Activ Sp z.o.o. in a PET can
• Rebranding & enhancing our polyester portfolio to new products and innovations
• Highly modified co-polyesters & applications – PETG
• Investing in rPET thermoforming facilities and reducing our carbon footprint – Coveris Rigid

Don’t delay. Contact Fiz at hafizah@cmtsp.com.sg to find out more.