ASIA – ICIS, a global authority on commodity intelligence, has unveiled its latest initiative with the launch of a pricing index for recycled polypropylene (R-PP) in Asia.
This pioneering service is geared towards bolstering the industry’s trajectory towards more sustainable and circular economy models. Specifically, the index will monitor six spot pellets assessments for natural and black grades across the region.
The emergence of Asia as a pivotal market for recycled materials underscores the significance of this endeavor.
The region is witnessing a surge in investments and solidifying its position as a primary exporter of R-PP.
This growth is propelled by escalating demand for recycled materials, driven by various factors including consumer preferences for sustainability, regulatory mandates, and investor expectations for circular economy practices.
Despite this growth, the R-PP market faces challenges such as market opacity, fragmentation, and the critical need for reliable data.
These hurdles pose significant obstacles for both buyers and sellers in the industry. Buyers grapple with understanding the financial implications of transitioning from virgin PP to recycled PP, while sellers struggle to establish pricing benchmarks and assess opportunities for production expansion or new investments.
In response to these challenges, ICIS is stepping in to provide invaluable pricing insights for R-PP in Asia.
By offering transparent and comprehensive data, ICIS equips stakeholders with the necessary tools to navigate the evolving landscape of the R-PP industry efficiently.
This initiative complements ICIS’ existing datasets and tools for recycled markets across Asia, Europe, and the US.
The launch of the R-PP pricing index signifies a significant advancement in ICIS’ circular plastics initiatives.
These initiatives are geared towards addressing pricing fluctuations and sourcing complexities in the R-PP sector, thereby facilitating the industry’s transition towards a more sustainable and circular economy.
As a trusted source and benchmark for price information and insights across key commodities markets globally, ICIS brings over 150 years of expertise to the table.
By providing independent and transparent market intelligence, ICIS empowers stakeholders to make informed decisions.
ICIS operates under the umbrella of the RELX group, a global leader in providing information and analytics for professional and business customers across diverse industries.
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