Packaging Recovery Notes Weekly Market Report – 26th January 2018
2017 PRN Market
Mixed news from the 2017 market this previous week with prices for the troublesome Plastic starting to soften considerably as we head towards the end of the month. Prices dipped into high teens as a excessive supply was offered. In Aluminium, a large buying clip was satisfied which many believe is the end of the volume buying for 2017. Small aluminium documents continue to attract a premium. Buying continues to drift into the wood market with some later 2017 buyers required to pay a premium for transitional tonnage. All other materials appear in good health with the only other point of note being the Steel price falling and attracting some final general recycling requirements.
2018 PRN Market
The majority of activity in the 2018 market has centred on Plastic. Prices rose slightly as cautious buyers secured tonnage early. In the coming week we will get a better idea of prices as the market settles and focuses on 2018 opportunities. Glass is tipped to have a lower carry in this year with some sellers expecting an improvement on 2017 prices. The Aluminium market will be one to watch given that many of the predictions for a healthy surplus in 2017 do not appear to have come to pass.