Recycling prices and market commentary: 21 June 2024

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Paper and non-ferrous metals saw cooling values this week but could the warmer weather change things over the coming weeks?

From a UK perspective, news from the Office of National Statistics that retail sales improved by 2.9% in May after a sluggish, wet and cool April suggests that there might be more packaging available for recycling.

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With current good weather, it might be expected that this trend will continue while the sunshine lasts.

However, much will depend on demand and there doesn’t seem to be an improvement in that as yet, with re-stocking having taken place in recent months.

The pound was unchanged against the dollar at $1.26 but was a cent stronger compared to the euro at €1.18.

Recycled plastics

There wasn’t a lot of movement in plastics prices this week as markets seem quite static, and for packaging grades there was no change in the PRN/PERN values.

With many at the PRSE show, there was talk that market changes may be on the way, but there wasn’t any sign of that in actual trading as yet.

As we get closer to the European summer holiday period, the next couple of weeks are likely to set a benchmark for July and potentially into August.

Recycled paper

OCC and mixed eased off by a couple of quid or so this week as prices seem to be gradually easing following less demand in domestic, European and Asian markets.

Having said that, there wasn’t a huge amount of trading this week, with next week likely to be the main trading week for July.

As mentioned above, there might be more packaging material around if people use the good weather to get out and buy stuff.

One other grade that seems to be doing well is multi that increased by £10 per tonne this week.

Recycled metals

Copper fell by £100 per tonne, and brass and aluminium grades dropped by £50 per tonne this week.

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