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Material Market Price Update

Date: Thu, 1 Sep 2011

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Scrap metal prices moved up on the back of stronger LME pricing which has been supported by tight supply and strong buying interest. Buyers have been looking to secure material ahead of the anticipated seasonal improvement in Chinese metal demand. Underlying iron ore prices hit $179.9 or £111 in Tianjin port China which is the highest level seen since the start of May.

Elsewhere plastic traders remain cautious in light of recent news from China regarding import restrictions.

Paper remains stable with the market looking for confirmation on future direction as traders get back from holiday.

Glass remains under some price pressure due to low PRN values.

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Weekly Material Price Report

Category: Recycling
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