Material Market Price Update

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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.

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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.

Download the latest price report at the bottom of this page.