Bulletin: 125

Date:     February 2021

PET.-The first month of the year has been characterized by a demand higher than normal and a significant increase in price of raw materials, the more remarkable in the MEG.

Another aspect to note is that the price of PET has been on an upward trend for nine months now and everything seems to indicate that this evolution will continue, at least in the short term.

The price increases for flakes and RPET pellets should also be noted. Regarding the latter, a significant increase in demand is being observed, to such an extent that there are already RPET (mechanical) manufacturers that are “oversold”, some even for all of 2021 and 2022.

According to our estimates, the consumption of RPET in pellets in Spain is around 90,000 tons per year.

 

 

ECONOMIC FLASH

• Spanish public debt in 2020 amounted to 1.31 trillion euros while private debt reached 1.65 trillion euros, which gives a Total Debt of about 3 trillion euros.

This level of debt is historic because it had never been reached.

 

• Spain was the fourth country in Europe to have recorded the biggest drop in the sale of passenger cars in 2020 after Croatia, Bulgaria and Portugal.

Spain                    – 32,3%

Italy                       – 27,9%

France                 – 25,5%

Germany            – 19,9%

 

 

 

 

RGPD: Data Protection Information of MARSELLÀ GLOBAL S.L. (smarsella@marsellaglobal.com):

PURPOSE: To inform you of our products and services by electronic means. LEGITIMATION: Legitimate interest in keeping you informed as a client and / or user. ASSIGNMENTS: Not contemplated. CONSERVATION: During the contractual relationship and / or until you request us to leave the business and, during the periods required by law to meet any responsibilities after the relationship ends. RIGHTS: You can exercise your right of access, rectification, deletion, portability of your data and limitation or opposition in the email address of the person in charge. In case of divergences, you can file a claim with the Data Protection Agency (www.aepd.es).

 

 

 

Este boletín está elaborado en base a la información y experiencia de nuestro equipo comercial. Marsella Global, SL presta especial atención a su elaboración, sin embargo, no podemos garantizar la exactitud y utilidad del contenido publicado.

El destinatario acepta el contenido de este boletín en el bien entendido de que Marsella Global, SL   no se hace responsable de los daños causados por el uso de la información contenida en este documento.