PRN Market Report – Wk. End : Friday 7th September 2018
PRN Market Overview
The Aluminium market was the only one to record increased values this week with prices firming up to £40.00 per tonne. All other markets maintained their previously reported price levels with reasonable volume trading across all materials. Concerns were raised regarding Plastic supply when the market was informed of a major exporter being suspended from issuing evidence notes however this suspension has now been lifted.
August’s monthly supply report highlighted a downturn in Paper and Plastic supply when compared against the corresponding period last year. If viewed in isolation it could raise concerns however, as has been the trend this year, the middle month of the quarter has consistently been the weakest reported. With a strong figure reported for July (104k) it is expected a good September return will keep the market on track for the year. As to how the price will react to this news it is anyone’s guess given how prices have reacted to positive news over the last 18 months.
This week will see the great and good of the industry head to the NEC (Birmingham) for the annual RWM show. As someone who spent many years attending as an exhibitor it was good to see it streamlined into a two day event as often the last day was quiet, partly due to a lack of attendee’s but also due to the recovery period required from the industry functions from the previous night. I will be in attendance on Wednesday and look forward to catching up with existing clients and hopefully attracting some new ones. I look forward to seeing you all there.