Little price falls affected some key grades this week as markets continued to be sluggish.
Plastics packaging grades dropped a touch in response to a small PRN/PERN fall, but also underlying weakness.
Although there was some stability for paper and cardboard grades, some values came down from underlying pressure, despite a relatively stable PRN/PERN.
Deep sea trade wasn’t helped by the pound reaching $1.28 from a week ago. It was also a little more expensive to send material into Europe with the pound reaching €1.17 from €1.16 last week.
Recycled plastics
There is talk of underlying weakening of plastics prices, with demand seeming poor domestically and abroad for all grades.
Those who are buying are happy to see prices come down further putting pressure on those who are selling.
With the PRN/PERN value coming off by around £7 on a week-to-week basis, this lack of support made physical prices come off, and by a bit more.
The market feels tough to everyone at the moment, as even those who are buying are struggling to sell the finished product at good prices due to a tough global environment.
Recycled paper
While OCC didn’t see any change really (partly down to not much being traded), other grades felt downward pressure.
Mixed saw downward movement reacting to weaker OCC prices in recent weeks.
But with tissue mills also lowering their buying prices, deink grades have come off in recent weeks.
The PRN/PERN dropped by about a £1 but this was relative stability with not much of this being traded as people wait to see (and work out) which way the market is headed.
Recycled metals
Copper and aluminium were both up £50 per tonne and ferrous grades £5.
Recycling prices
For recycled paper prices, click here
For recycled plastic prices, click here
For recycled metal prices, click here
For recycled glass prices, click here
For PRN/PERN prices, click here
