Recycling prices and market commentary: 24 May 2024

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Markets seem to have reached a point where everyone is trying to work out what is going to happen next.

As a result, there wasn’t much movement this week, until companies start pushing prices one way or another.

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This may happen for June trading which may start next week, although it could also be delayed by the Bank Holiday weekend and people on holiday with schools taking a break.

The pound was up a cent on both the dollar and euro respectively at $1.27 and €1.17 compared to last week.

Recycled plastics

Prices were unchanged on last week as markets continue to be quite stable.

Although the PRN/PERN was down a couple of quid, it didn’t change the price of physical material really.

For film grades, there is a tension between European prices coming down a little and anticipation that Asian prices are increasing. This meant film prices lost about £5 per tonne this week, but next week may see if Europe or Asia drives values in either direction or balances out.

Recycled paper

There wasn’t a huge amount of trade this week as merchants seemed to be holding out for June trading in the hope they can push prices up, and mill groups hoping that prices have reached a peak and are headed downwards.

Next week might bring a bit more clarity on which side wins out.

Those who were getting orders were seeing prices broadly similar to last week.

Recycled metals

Brass dropped by £300 per tonne and copper by £100 per tonne. Everything else was the same.

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