Secondary markets commentary – 9 February 2018

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FROM THE 9TH FEBRUARY 2018 INTELLIGENCE REPORT:

Paper grades fell again this week but the drop was not as dramatic as last week. OCC lost around £6 per tonne, mixed paper lost a further couple of quid. Copper grades also came off by £100 per tonne, while plastics were stable. However, the pound has fallen back dramatically today and this could have an impact next week if it continues. The pound reached above $1.42 during the week following the Bank of England governor Mark Carney suggesting interest rate rises would happen soon and jump sharply on the . . .

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