The market followed the trend of previous weeks with PRN/PERNs dominating for plastics, and prices easing for paper grades.
For plastics, the PRN/PERN price was up again, but there is some sense it has reached its level.
Paper grades followed the trend seen in recent weeks where prices For OCC, ONP and mixed are all coming down slowly.
Some metal grades were up, but aluminium came down.
In terms of logistics, the situation does seem to have improved and some are finding it easier to get hold of haulage, but it still remains a challenge. With Christmas on the horizon, that is also likely to cause more disruption as drivers take holiday time – especially with Christmas Day falling on a Saturday this year.
Looking at foreign exchange, the pound was trading at $1.33 down from $1.34 last week, and against the euro remained at €1.16.
Another PRN/PERN price rise occurred this week with another £15 added to the value. This also came on the back of some companies having to put back PRN/PERNs onto the market.
However, at the time of writing, the price of the certificate appeared to have come off a bit.
For those trading physical packaging grades, there was a reluctance to push up the price by the whole value of the increase, which seemed justified when the price came down a little. Most grades therefore added about £10 per tonne.
But in a volatile market, there is a great deal of uncertainty this month and those trading are having to take on board a lot of factors that can suddenly change the price.
Prices do seen to be coming down for the key grades.
OCC is now heading towards the low-£130s, high £120s, although some are still achieving just above £140.
There is good supply of material around, but weakening demand for this grade from South East Asia and Europe, which have been dominant buyers in recent weeks.
For mixed paper, while there has been some stronger interest from India, other destinations have pushed back on price and this has pushed values lower overall.
This has also dragged down news & pam, which had resisted falling previously.
However, values remain high for multi and SOW.
Copper increased by £100 per tonne, and brass was up by £50 per tonne.
However, industrial aluminium grades dropped by £50 per tonne. However, cans have increased recently responding to the overall trend where prices have risen.
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