Secondary materials starting to drift lower as economic conditions bite

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Plastics, paper, metals and glass prices all starting to fall as global economy hits secondary market.

Mixed bottles scrap-ex grade A are down to £265 to £310 on 11 August from £275 to £320 a week ago.

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Natural PET has fallen to £420 to £445 this week from £435 to £460 on 4 August. While HDPE milk bottles are down only £5 to £385 to £420 from 4 August’s £390 to £425.

LDPE is down to £245 to £290 from £255 to £295 last week.

OCC has fallen a little to £125 to £135 this week from £128 to £138 a week ago. News and pams are down to £128 to £140 from £135 to £155 on 4 August. Mixed paper is lower too at £115 to £122 from £112 to £120 last week.

A metal trader has told scrap-ex news that a large Chinese buyer is looking to buy £10 million worth of material from the UK, but is struggling on the supply-side due to August shut-downs. The Chinese buyer sees opportunity to buy now with LME prices and oil prices lower.

Copper dry bright is down to £4,750 to £5,200 from last week’s £4,900 to £5,435 and is finally beginning to react to the falls seen on the LME.

Brass cuttings are down to £3,000 to £3,450 from £3,100 to £3,575 on 4 August.

Aluminium cuttings are at £950 to £1,200, lower than last week’s £1,000 to £1,350. Aluminium baled UBCs have seen the spread narrow to £950 to £1,075 from £950 to £1,250 a week ago.

Lead batteries have also fallen to £545 to £600 from £575 to £620 last week.

Clear glass is down to £24 to £26 per tonne from the £25 to £28 traded at a week ago. Amber is down to £22 to £30 per tonne from last week’s £26 to £32. The spread for mixed has narrowed to £4 to £8 from £4 to £10.