Is the market on the turn? Possibly. There are some indications that prices are starting to come down across materials.
Plastics might be an exception, but it does seem like paper grades and metals have eased back in recent weeks. It was the case again this week.
This is partly a reflection that prices have been high for paper/cardboard and metals, but also an indication that recent good demand has been sated at least for the time being.
Patterns will become clearer over the coming weeks and this could only be a blip, especially with many on half-term holidays.
Foreign exchange was stable with no changes on last week with $1.27 and €1.17 respectively.
Recycled plastics
Overall, the market was pretty stable this week with just a small fall of around £5 per tonne on the PRN/PERN market easing down some packaging grades a little.
Underlying prices don’t seem to be changing much at the moment, although a little more demand from Europe helped mitigate the PRN/PERN fall for LDPE film grades, which kept these unchanged this week.
While this stability is welcome for some, others prefer the opportunities offered by rising or falling markets and are hoping something will nudge the market one way or another in coming weeks. Only PET has seen much of a change in the last weeks and couple of months.
Recycled paper
Most trading was happening at a slightly lower rate on last week for OCC, until a UK mill came in at levels that were top of the market in recent weeks and not this week.
This didn’t seem to affect the market too much with the UK mill getting the material it wanted, but others were able to get orders too at the lower levels they started trading at.
Overall therefore, the market was a little down for OCC on last week.
It was a different picture for mixed, where prices have dropped quite a lot on the high levels seen in recent weeks when it was a bit of a darling material.
Demand has also improved a bit for multi and SOW.
Recycled metals
Copper and aluminium both dropped by around £200 per tonne, and brass dropped by £150. There was no change for ferrous grades.
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
