Recovered paper prices shoot up following Brexit vote

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The price of recovered paper has surged as traders passed on the benefit of a lower exchange rate to sellers.

According to last week’s Intelligence report, OCC was up by £7 per tonne on the previous week, news & pam increased by £11 per tonne and mixed paper rose by £9 per tonne.

With the pound falling substantially against the dollar following the EU referendum vote, UK material suddenly became much cheaper on the international market and paper traders passed this on to get material.

But in the plastics sector, prices were largely stable as buyers took the opportunity to take some margin from the material.

In the metals recycling sector, copper and brass grades both increased by £75 per tonne, with aluminium rising by £25 per tonne.  

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