Recycled PE/PP Weekly Review: Recycled Enterprises Report Slight Decline, Downstream Demand Remains Weak

1. Market Analysis for This Week

Figure 1 2025 China Recycled PE Main Market Price Trend Chart (Unit: Yuan/Ton)	Figure 2 2025 China Recycled PP Major Market Price Trend Chart (Unit: Yuan/Ton)
Data source: Longzhong Information	Data source: Longzhong Information

During this period, the recycled plastics market overall has exhibited a fluctuating and slightly weak trend. In the short term, the recycled plastics market lacks strong effective positive factors to provide support. Although there is little likelihood of a substantial price drop, there is also a lack of strong momentum for prices to rise. Meanwhile, the prices of new materials have shown a weakening trend again, further increasing the pressure on recycling companies to sell their products, with market transactions being generally average. Overall, the market continues to lack positive support, and this week the recycled plastics market has shown a trend of steady and slight decline. Currently, in the recycled PE market, the mainstream average price of high-pressure white transparent first-grade pellets in the Hebei region is 5,900 yuan/ton, while in the recycled PP market, the mainstream price of high-quality white transparent first-grade pellets in the Shandong region is 5,150 yuan/ton.

Downstream Dynamics

According to Longzhong Information Research:This week's polyethylene downstream industry capacity utilization rate decreased by 0.54% compared to last week. The agricultural film capacity utilization rate decreased by 0.91%, pipe material capacity utilization rate remained stable compared to last week, hollow product capacity utilization rate decreased by 0.74%, injection molding capacity utilization rate decreased by 0.48%, packaging film capacity utilization rate increased by 0.48%, and drawing capacity utilization rate decreased by 1.13% compared to last week.

This week, the domestic polypropylene downstream industries (including plastic weaving, injection molding, etc.) BOPP 、 PP Pipes and fittings PP Non-woven fabric CPP 、 PP Transparent, modified PP Total 8 Average operating rates in downstream industries have increased. 0.10 percentage points to 53.93% Recent demand has shown structural differentiation, with weak demand in mainstream areas such as packaging. BOPP 、 CPP The industry continues to operate steadily, but PP The non-woven fabric industry has seen an increase in demand for masks and other protective supplies due to the rise in flu cases, leading to an uptick in enterprise operations. 0.25% Enter 12 In the month, policies such as halving the purchase tax for new energy vehicles have boosted consumer enthusiasm for car purchases, increasing sales of new energy vehicles and supporting modification. PP Order demand is rising. At the same time, as the weather turns cold, the production and stocking needs for small appliances such as air conditioners and heaters are also being activated, which benefits the modified products. PP Bring in new orders, thereby promoting Modification PP The industry's operation has mildly increased. On the other hand , 12 As the New Year approaches, supermarkets are experiencing an increased demand for daily plastic products such as food storage boxes and storage containers, leading to a decent demand for daily injection molding enterprises. In summary, driven by policies and seasonal demand, the polypropylene products industry is showing a steady yet slight increase in operating rates.

Next week Market Forecast

In the upcoming period, the recycled plastics market is expected to continue its weak and fluctuating trend, with prices showing narrow fluctuations and overall upward momentum lacking. The current market is characterized by prominent supply and demand contradictions. On the supply side, the efficiency of waste plastic recycling has declined, and environmental inspections have impacted operations, leading some companies to run at low utilization rates. However, the release of new production capacity and inventory pressures continue to constrain the upward space for prices. On the demand side, the downstream industries are sluggish, and the purchasing willingness of end customers is low. Combined with the low prices of new materials, which weaken the competitiveness of recycled materials, market transactions are mainly small orders, and companies face significant pressure to sell.