Everywhere that buys material seems full at the moment with generally little demand for recycled product at present.
With consumer demand low globally, manufacturers of paper, plastic and metal packaging seem to be well stocked with finished goods.
Further down the value chain, this is keeping recycled markets very quiet and trading activity remains low.
However, with little in the way of secondary material for collection, this seems to be keeping prices relatively stable with few grades changing in value this week.
For the PRN/PERN market, many are waiting for the publication of the Q2 data towards the end of this month, which tends to set the tone for the rest of the compliance year.
The pound is trading at $1.27 this week and €1.17 – both up a cent on last week.
Some more demand for HDPE grades helped to push up the value of these this week, but other grades were generally static.
PET continues to be a very tough market with material increasingly hard to move.
Film grades have been traded for the month already and there is little appetite for weekly trading to keep things ticking over.
With the PRN/PERN static, this helped to keep PET and LDPE stable on last week.
Unusually for the fibre market, there isn’t an area that seems interested in buying at the moment.
Often there will be one destination that has interest at least, but at the moment no destination is doing anything more than ticking over, and some are so lacking interest that phone calls are not being answered.
Where material is moving though, prices remain stable on last week.
With mills across the world seemingly sitting on stocks of finished goods, and with yards full of feedstock, it may take a few weeks for this to clear even if economies pick up.
For now, most traders are thinking about summer holidays and then assessing the situation when they are back.
This is normally quite a volatile market but little changed this week.
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