The average prices of PET Bottle Scrap saw a rise in the mid of august and a slight drop in the prices by the end of August. It should be noted that the prices across the country varied by at least 5-6% and the price fluctuation due to local factors has reduced the national average.
A consistently high rate was observed in UP with ₹ 46.5/Kg at the highest. On the other hand, the lowest rate towards the end of August was observed in North-Western states like Gujarat – ₹ 43/Kg.
Week 1 (1st – 7th August)
Highest ⬆️ : ₹ 44 /kg
Lowest ⬇️ : ₹ 46 /kg
Week 2 (8th – 14th August)
Highest ⬆️ : ₹ 44 /kg
Lowest ⬇️ : ₹ 47 /kg
Week 3 (15th – 21st August)
Highest ⬆️ : ₹ – – /kg
Lowest ⬇️ : ₹ – – /kg
Week 4 (22nd – 31st August)
Highest ⬆️ : ₹ 43 /kg
Lowest ⬇️ : ₹ 46 /kg
Factors affecting PET Scrap 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 other factors affecting PET bottle scrap prices in India are
- Consumer consumption behaviour based on seasons
- Pandemic related disruptions in consumer industry
- Availability of PET bottle scrap supply in the market
- Disruptions in Transportation
- Global and National crude oil prices
- Prices of Virgin PET plastic, Flakes, Fibre and more
- Ban on imports of PET scrap
- Changing PET bottle scrap regulations in India
In conclusion, irrespective of the bans on imports, India is grappling with a growing amount of PET and other types of plastic waste. One of the key bottlenecks in the system is the wide gap in demand and supply. Recykal has come up with an end-to-end digital solution that connects sellers and buyers of plastic scrap
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