The price of most materials has crept up this week, but most metals see a decent jump up.
LDPE 98/2 is up £5 at the top end of the range trading at £245 to £280 per tonne this week compared to £245 to £275 last week/ LDPE 95/5 increases at the bottom end to £210 to £235 this week, after trading at £205 to £235 on 7 July.
However, natural PET drops slightly to £435 to £470 per tonne compared to £440 to £475 last week. scrap-ex grade A mixed bottles are up to £280 to £330 after trading at £275 to £325 on 7 July.
Paper grades have softened with OCC in the range of £130 to £145 per tonne after being at £135 to £145 last week. ONP is down to £135 to £155 from £140 to £160 a week ago.
A market insider said that most plastics and paper appear to be “trading along the bottom at the moment” and “it is my view that the move down has stopped. I suspect that the next move in prices is going to be up.”
Metals have seen a boost as a stronger pound against the dollar has pushed the value of domestic metal up, despite recent LME falls. Copper on the LME is now over the £6,000 mark.
As a result, copper dry bright wire is trading at £5,000 to £5,450 this week, a jump on the £4,800 to £5,350 recorded last week.
Aluminium cuttings are trading in the range of £1,100 to £1,450 this week, up from £1,000 to £1,350 a week ago.
Grade 1 steel is also up from £200 to £255 last week to £210 to £255 this week.