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PRN Market Report – Wk. End : Friday 13th July 2018

PRN Market Overview

There was an air of stability in prices during the last week with most continuing to trade at previously reported levels. Glass Aggregate prices along with Aluminium reported small increases. Paper, Steel and Glass tonnage continued to compete for General Recycling buying. Towards the end of the week smaller buyers paid a premium for Wood notes but given the volumes transacted (>100 tonnes) I have not reported the increased prices in this week’s spread. 

Last week’s monthly figures for June were revised up after their initial release to the relief of many. After previously reporting some concerns, Recovery and Steel revised figures, which had reported a deficit supply, showed a healthier position across all markets.  Steel supply has dropped in June, when compared against the same period last year, but overall is carrying some surplus from Q1 and Q2. Wood supply remains challenging but we are starting to see some additional activity due to the higher note value. As we head towards what tends to be a quiet period for trading with many away from their desks, it is hoped that weakening demand coupled with a strong Q2 supply report will result in price trends reversing. Challenges will no doubt remain this year, but with evidence now confirming this year’s higher note values facilitating  increases in supply, many will hope this trend will continue into Q3 & Q4.