While most materials remain relatively stable, paper has seen a drop in price and aluminium cans have increased.
OCC has lost around £10 per tonne this week as nervousness pervades the market.
The benchmark paper grade is down to £95 to £105 per tonne this week compared to £105 to £115 a week ago.
OIN has fallen to £115 to £125 from last week’s £125 to £135 and the spread for news and pams has narrowed to £110 to £120 compared to £110 to £130 a week ago.
Paper markets are nervous about the state of the global economy and how that will impact on demand, and there is a sense that paper merchants by expecting price to correct, are starting to see it come true.
In terms of plastics, natural PET bottles have edged up £5 at the bottom end to £365 to £400 from £360 to £400 last week. The same is true for HDPE milk bottles, which are up to £370 to £410 from £365 to £405 a week ago.
LDPE film 98/2 has eased down to £265 to £300 from last week’s £270 to £310.
Traders report that there isn’t much scrap metal about at the moment and prices for some grades have edged up a little as a result.
Dry bright copper is at £4,350 to £4,600 while last week it was priced at £4,325 to £4,550. Aluminium cuttings are up £50 at the bottom end of the spread to £1,050 to £1,350 from £1,000 to £1,350 a week ago.
Ferrous grades remain largely unchanged.
Baled aluminium cans have increased to £950 to £1,050 from £925 to £985 last week.
Glass grades remain unchanged.
