PRN Market Report – Wk End : Friday 25th May 2018
PRN Market Overview
Trading activity was down this week with many stakeholders taking advantage of the warm weather and the early bank holidays to take extended breaks. Plastic prices dropped for the third consecutive week with trading now reported at £60.00, down £1.00 on last weeks reported price. Wood prices increased again as demand continued to outstrip supply. A large UK reprocessor has been granted their accreditation this month and it was hoped that the inclusion of their tonnage would result in some increased supply. Unfortunately due to buyers pressure this tonnage would appear to be already contracted so has had no effect on current prices.
Both metal markets, Steel and Aluminium, reported price increases this week. In Steel, it is thought that buyers have already started securing tonnage for general recycling demand given that we continue to see high values reported for Paper volume. Reports of some export tonnage being delayed due to agency administration requirements has also added some upward pressure. In Aluminium, the low carry in figure combined with a lower than expected Q1 supply figure has maintained concerns amongst buyers and this combined with the price increases in other markets has placed renewed focus on Aluminium which has resulted in the current price increase.