Last week saw further price falls for recycled plastics in reaction to the falling value of virgin material.
This week’s Resource Efficient Business Intelligence report shows the significant loss in value of recycled plastics seen as a result of virgin material getting cheaper as the value of oil has fallen.
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LDPE 98/2 saw a further £50 per tonne come off, which means it has lost £100 in the previous fortnight.
HDPE bottles saw a £35 per tonne fall after £30 came off the week before.
While PET bottles, which were already low in value, saw just £5 per tonne come off.
Prices for mixed bottles, UK Wheelie Bins, HIPS Regrind, EPS, and PP all fell.
Low grade material didn’t see price falls, but this has largely been gate fee material for a while.
Paper prices were stable, but the market outlined that price changes are on the way.
Copper and aluminium gained slightly, but metals were also relatively stable.
Resource Efficient Business editorial director Paul Sanderson said: “Some serious falls have been seen in the value of plastics in the past couple of weeks. This will be welcomed by plastics recyclers that have been struggling with recent high prices, but those who sell a basket of materials will now be hit by low prices across all materials.
“Further price changes are anticipated in the coming weeks, as subscribers of the weekly Intelligence report will be aware.”
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