Amid the global optimism surrounding COVID vaccination programmes, our sector is witnessing a combination of constant price hikes across all segments, huge demand for recycled material and very high shipping rates.
After a very difficult 2020, the recycling market has picked up very strongly in 2021, with a huge demand for recycled materials over recent months. The upward price movements seen in December continued into January and February, and further increases seem likely in the next couple of months. Aided by market tightness on the back of strong demand and the higher oil price, plastics recyclers are very positive about prospects for the coming months. Prices for HDPE, LDPE, PP and HIPS have risen significantly and forecasts indicate this improvement will continue, eventually to pre-pandemic levels.Read More
Henk Alssema , Vita Plastics (NLD), Chairman of the BIR Plastics Committee