The latest packaging recycling and export data has been released by the Environment Agency, which shows the amount of packaging recovered or recycled between April and June 2014. The latest data shows overwhelming improvement on the figures from the last quarter. With the exception of wood, which has fallen a little short, every other grade has significantly surpassed the levels from Q1. Wood has already met its 2014 target with ease.
Chris Taylor, PRN trader at Clarity Environmental, said the release of these latest figures was likely to result in lower prices in some areas of the PRN markets:
“With glass now at 52.5% of target, plastic at 59.5% and steel at 55.6%, we can now expect to see lower prices through these PRN markets. It is difficult to say how far prices will fall but with buyers’ expectations of strong performance, we have already seen a downturn in large trades of glass and plastic in recent weeks as buyers waited for the data.
“Glass Other has pulled its socks up in dramatic fashion and the Q2 numbers are up almost 50% on Q1, allaying the concerns that buyers would have to buy the more expensive Re-Melt PRN in order to fulfil their Other obligation. This is now looking like far less of a concern than previously expected.
“Paper sits comfortably at 71.6 per cent of the national target for 2014, aluminium is on track at 51.7% and recovery lags a little behind on 49.1%. Any fears over the recovery figures should be allayed by the fact that, on the whole, recycling is a little ahead on 51.4% and the recovery obligation can be covered by any other grade.”
Purchasing Packaging Recovery Notes (PRNs)
Clarity has been buying and selling packaging recovery notes (PRNs) since our business started in 2002. We are now one of the largest and most experienced open market traders of PRNs. To talk to our team about buying or selling any grad of packaging recovery note (PRN), contact our team on 0845 129 7177. Subscribe to our monthly newsletter, clearview, to get regular updates on the PRN market.