PRN Market Report – Wk. End : Friday 21st September 2018
PRN Market Overview
Glass Aggregate and Paper prices increased this week as buyers continuing to target the lowest value material prns for general recycling obligations. The availability of Wood recovery notes eased with sellers offering volume tonnage to the market. Wood prices continued to maintain their spread with concerns still dominating this market.
Discussion surrounding the redesign on the PRN system continued this week with news on a new group being set up to discuss the implications. The Packaging Scheme Forum held their first meeting to discuss the impending revision of the Packaging Waste regulations. The Forum has been established by 45 of the 50 producer compliance schemes and aims to inform and provide guidance to regulators regarding the existing system. The forum will also look closely at the upcoming consultation on revising the system and provide there in depth knowledge in meeting the renewed challenges ahead.