Skip to main content

Report for Scandinavia

Demand remains low and conditions are more or less unchanged both in terms of inputs and outputs. In general, the waste industries have been experiencing lower volumes and more unstable access to materials, including plastics, when compared to a year ago. However, the situation has changed since April and incoming volumes have increased significantly. Plastics processors are seeing slightly more demand but prices are still low because of weak consumption and previous stock levels resulting from the impact of higher interest rates. The low prices are attributable to the world economic situation seen over the past year.

Most recyclers expect reduced demand and low prices to continue, at least for the second quarter. At the same time, Plastic Information Europe reports a slowing in the price falls and suggests, for some grades at least, the bottom may have already been reached. The coming period will reveal whether these predictions are correct.

Despite these pressures, there are still commodities attracting quite healthy prices. Good-quality grades are moving and demand is apparent at slightly increased price levels. Stated prices on different markets may in no way reflect the actual levels achieved; for instance, the market is reporting more stable and even slightly higher prices for PS whereas other grades such as polyolefins and ABS have witnessed a small decrease. Looking at cheap virgin grades, recyclate prices are still under pressure, with declines caused by large supply, high stocks and still-low demand.