Woohoo! Recykal is recognised as Tech Pioneer 2022, by the World Economic Forum Read more about it
Price trend of scrap PET bottle prices in January 2022
| 2 Min read

The average prices of scrap PET bottles saw a rise, where the start of the  month started at a low of ₹ 48.5/kg and reached a high of ₹ 52.4/kg . The price fluctuation was due to multiple reasons:

  1. Winter season
  2. Rise in Crude oil prices
  3. Rate increase of Virgin Fibre
  4. COVID-19 Pandemic

A consistently high rate was observed in northern India with ₹ 55/Kg at the highest in Punjab. On the other hand, the lowest rate was observed in Gujarat at – ₹ 46/Kg.

Week 1 (1st – 7th January)

Highest ⬆️ :  ₹   48.5/kg

Lowest ⬇️ :  ₹   47.6/kg

Week 2 (8th – 14th January)

Highest ⬆️ :  ₹  49/kg

Lowest ⬇️ :  ₹   47.8/kg

Week 3 (15th – 21st January)

Highest ⬆️ :  ₹ 50.9/kg

Lowest ⬇️ :  ₹  49.5/kg

Week 4 (22nd – 31st January)

Highest ⬆️ :  ₹  52.3/kg

Lowest ⬇️ :  ₹   51/kg

Factors affecting scrap PET bottle 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:

  • Winter season accounts for low consumption of PET consumer goods, which reduces the supply of scrap PET bottles
  • Crude oil prices saw a rise from December 2020, which affected the virgin plastic market inturn increasing the demand for scrap PET bottles
  • Rate increase of Virgin Fibre increased the demand for fiber made from recycled PET plastic which increased the demand for PET bales
  • COVID-19 Pandemic reduced the availability of material, making it a dearer good.

Stay tuned for our next blog on ‘How seasons have an impact on the prices of PET bottle scrap’.

Want to buy and sell your PET scrap easily?

Head over to Recykal Marketplace mobile applications – a one-stop solution for buying and selling your PET scrap to buyers around the country

Download the App now!

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on email
Get regular updates
in your inbox