PET bottle scrap Prices in December
The average prices of PET scrap saw a consistent rise across the month. It should be noted that the prices across the country varied by at least 5-6% and the price fluctuation was due to the change in seasons which in turn affected the change in consumer behaviour.
A consistently high rate was observed in northern India with ₹ 54/Kg at the highest. On the other hand, the lowest rate was observed in Telangana at – ₹ 35/Kg.
Week 1 (1st – 7th December)
Highest ⬆️ : ₹ 44/kg
Lowest ⬇️ : ₹ 35/kg
Week 2 (8th – 14th December)
Highest ⬆️ : ₹ 49/kg
Lowest ⬇️ : ₹ 38.5/kg
Week 3 (15th – 21st December)
Highest ⬆️ : ₹ 51/kg
Lowest ⬇️ : ₹ 40/kg
Week 4 (22nd – 31st December)
Highest ⬆️ : ₹ 54/kg
Lowest ⬇️ : ₹ 44/kg
Factors affecting Recyclable PET Plastic waste prices
There are multiple factors affecting the PET Scrap prices in India. In a broader view, the prices have seen a rise due to – Gaps in Demand & Supply.
To be more specific, the factors affecting PET bottle scrap prices in India are:
- Consumer consumption behaviour due to the WINTER season in India that affected many parts of the country – led to low availability of PET plastic waste, due to low consumption
- Change in Global and National crude oil prices which affected the prices of virgin plastic, in turn increasing the demand for recycled PET bottles Scrap
- Prices of Virgin PET plastic, Flakes, Fibre and more
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