Greece impacts on prices of secondary commodities


Many prices have fallen slightly this week on the scrap-ex weekly price report as the broader commodities complex influences value.

As has been seen in primary commodities such as copper, aluminium, cotton and oil, prices slipped back this week over fears that a bailout deal between Greece and the European Union/IMF over details of a €130 billion bailout would not be sorted out this week.


However, a little more optimism has returned at the time of writing and it is hoped that a deal will be sorted by Sunday.

Natural PET bottles have fallen this week to £320 to £360 from £345 to £385 due to less domestic demand. Plastic Sorting Limited going into administration has not helped, but demand from other domestic sources is also weaker at present and this has dragged down the price.

HDPE milk bottles have edged down slightly to £375 to £410 from £380 to £415 a week ago.

Mixed bottles scrap-ex grade A are down to £230 to £260 from £235 to £265 last week.

Paper grades are largely stable compared to last week, but cardboard/KLS is up a touch to £124 to £130 from last week’s £122 to £128 as domestic demand continues to drive the market here.

Mixed papers are also up a little at the top end to £95 to £105 from £95 to £102 a week ago on slightly stronger export demand.

Copper dry bright has fallen to £4,700 to £5,025 from £4,800 to £5,100 last week.

Aluminium cuttings were lower at £1,050 to £1,275 from £1,100 to £1,300 last week.

Lead scrap also dropped to £985 to £1,200 from £1,050 to £1,250 in last week’s report.

Grade OA structural plate was just a little lower at the top end with a price range of £250 to £300 compared to £250 to £305 a week ago.