With the price of metals jumping on the LME, this has also had an impact on the price of scrap.
According to last week’s Intelligence report, copper was up by £575 per tonne, while brass increased by £150 per tonne.
Aluminium grades saw an increase of £175 per tonne.
Key paper grades were also on the rise with OCC up by £3 per tonne and mixed paper up by £4 per tonne on the back of increasing demand.
This didn’t translate to plastics grades though, which stayed stubbornly stable.
Want a free four-week trial of Intelligence? Then email firstname.lastname@example.org to request it.
Please note, we do not give a free trial to anyone who has had one in the past year, or who has a generic email address such as Hotmail, yahoo or gmail. We reserve the right to refuse a free trial and our decision is final.
A special LARAC Intelligence report is provided every Friday free of charge to local authority LARAC members and is available to download on the LARAC website or can be emailed each week on request.