Low, lower, lowest: Has demand for European mechanically recycled polymers bottomed out?

Source: https://www.sustainableplastics.com/news/lowlower-lowest-has-demand-european-mechanically-recycled-polymers-bottomed-out

Author: Mark Victory, ICIS

Demand for European mechanically recycled polymers is the lowest it’s been for several years. Costs through the chain remain high and producer margins for many grades narrow. Players through the chain have reduced operating rates, summer convertor outages are expected to be protracted and there remains persistent expectation of consolidation in 2023 across all major recycled polymers.