This week’s scrap-ex price report has seen a number of paper and plastics grades increase in value.
The market is seeing a bounce off the bottom as prices have stabilised after recent falls. There appears to be more demand from the Far East and confidence there to buy despite the economic gloom in the western world. As a result, traders appear to be prepared to pay a bit more for materials. How long this will last is anyone’s guess.
Natural PET bottles edged up to £360 to £410 this week from £355 to £385 last week. Mixed bottles scrap-ex grade A increased to £225 to £260 from £215 to £250 a week ago. LDPE 98/2 was up to £275 to £315 from last week’s £270 to £310. HDPE milk bottles increased to £370 to £405 per tonne from last week’s £365 to £400.
In paper grades, OCC was up to £95 to £110 from £85 to £105. News and pams increased to £110 to £120 up just a little from £108 to £118 a week ago.
Dry bright copper edged a little lower to £4,525 to £4,850 from last week’s £4,550 to £4,875. This reflects a fall on the LME. Aluminium cuttings were slightly lower at £1,075 to £1,375 from £1,085 to £1,450 a week ago.
Ferrous grade 0A increased to £265 to £315 from last week’s £260 to £315. Baled aluminium cans dropped to £1,000 to £1,150 from £1,050 to £1,225 a week ago.
Clear glass has increased at the upper end to £16 to £22 from last week’ £16 to £20. Amber is up to £14 to £20 from £12 to £18.