Further expands transparency to the value of
recycled plastics
LONDON, May 4, 2023
/PRNewswire/ -- Platts, part of S&P Global Commodity Insights,
the leading independent provider of information, analysis, data and
benchmark prices for commodities, energy and energy transition
markets, has announced the launch of first-of-kind daily price
assessments of European recycled polystyrene (R-PS) plastic,
commonly found in household items such as coat hangers, light
switches and electrical coverings.
This launch follows market engagement and complements the
growing suite of Platts price assessments for differing types of
recycled plastics, as well as the core suite of price references
for virgin polystyrene and other plastics.
The two new price assessments, that reflect values on a
delivered-duty-paid-(DDP) basis into Northwest Europe and expressed in Euros per
metric ton, are:
- Platts recycled polystyrene (R-PS) grey pellets
- Platts recycled polystyrene (R-PS) black pellets
With the increasing focus on sustainability, companies and
public bodies are looking for more transparency on pricing in new
markets, particularly those that are part of the circular
economy. As the wider industry and downstream markets look
beyond traditional plastics to increase the use of recycled
material, transparency in these markets is increasingly
important.
Luke Milner, Associate
Editorial Director, EMEA Chemicals,
S&P Global Commodity Insights,
said: "Increasingly, we're seeing that market
fundamentals and pricing of recycled plastics are trending toward
independence from their virgin, fossil-based counterparts, and with
that, there is growing industry interest in new and additional
pricing solutions and transparency in the evolving
marketspace."
Jesse Tijerina, Americas
Analysis and Research Lead, Chemicals, S&P Global Commodity
Insights, said: "The recycling of polystyrene continues to
grow, with recycle volumes becoming more relevant each year.
As this trend continues, recycled polystyrene becomes more
available to a larger sector of PS converters, leading to more
transactions, and more competition with virgin PS. Physical
market price indications will provide plastics industry
participants additional useful market information needed to
continue the transition to the plastic circularity model."
Platts' pre-existing suite of recycled plastics for Europe, includes: polyethylene terephthalate
(PET), polypropylene (PP), low-density polyethylene (LDPE) and
high-density polyethylene (HDPE) in Northwest Europe and related assessments in
Asia and the United
States.
The new and existing price assessments are available via S&P
Global Commodity Insights publications and services.
Media Contacts
EMEA: Paul Sandell, + 44 (0)7816 180039,
paul.sandell@spglobal.com
Americas: Kathleen Tanzy, +1
917-331-4607, kathleen.tanzy@spglobal.com
Asia: Melissa Tan, +65-6597-6241,
melissa.tan@spglobal.com
About S&P Global Commodity Insights
At
S&P Global Commodity Insights, our complete view of global
energy and commodities markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition. Platts®
products and services, including the most significant benchmark
price assessments in the physical commodity markets, are offered
through S&P Global Commodity Insights.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/platts-of-sp-global-commodity-insights-launches-recycled-polystyrene-r-ps-plastic-price-assessments-for-europe-301814583.html
SOURCE S&P Global Commodity Insights