The latest data available for October reprocessing, released in November, highlights the exceptional performance of Plastic and Aluminium this month. Both glass grades faced a downturn, falling short of their monthly targets by approximately 10,000t each. Steel and Wood experienced a challenging October however, these grades often go underreported in the voluntary monthly data reports from reprocessors. Despite these setbacks, both Steel and Wood maintain a substantial lead over their year-to-date requirements. Glass Other is the singular grade currently behind target, yet the overall Glass category remains stable.
Paper and Board
In October, Paper and Board demonstrated a robust performance, generating 291,250 Packaging Recovery Notes (PRNs), meeting its monthly requirement. This performance leaves Paper and Board 385,781t ahead of its year-to-date target, positioning it favourably for the compliance year’s final months. Despite the consistent strength in performance for this grade, it is worth noting that the oversupply of Paper and Board will contribute to the meeting of the General Recycling obligation.
Glass Other and Glass Remelt
Both Glass grades faced weak performances in October, generating 31,970 PRNs for Glass Other and 94,960 for Glass Re-melt. Falling short of their monthly targets by approximately 10,000t each, due to this there could be a potential for an increase in Glass PRN prices. Despite October’s performance for these grades, the Glass category as a whole, remains stable and is comfortably ahead of its year-to-date requirement by 56,515t.
Aluminium
Aluminium had a strong month in October with 12,250t reprocessed, leaving this grade in an advantageous position for the final months of the compliance year ahead (13,180t ahead of year-to-date requirement). Given the limited number of aluminium reprocessors and exporters, this grade still warrants continuous review as the year draws to a close.
Steel
In October, this particular grade experienced a notable decline, with only 11,840t reprocessed, missing its monthly requirement by 17,580t. However, it’s important to note that Steel typically goes underreported in voluntary monthly reprocessor reports, suggesting that the current data release may not present a comprehensive picture of Steel reprocessing levels.
Despite the apparent poor performance in the most recently available data, Steel maintains a comfortable position, significantly surpassing its year-to-date requirement by 26,120t.
Plastic
In October, Plastic continued its streak of strong performances, generating 100,450 Plastic PRNs and maintaining a substantial lead of 60,300t over its year-to-date requirement. While this positions the grade advantageously for the remainder of the year, the ongoing progress in Plastic reprocessing requires continuous scrutiny.
Wood
In October, Wood encountered a notable downturn in production, with 17,140t reprocessed, falling short of its monthly requirement by 12,330t. Similar to Steel, this grade often faces underreporting in the reprocessor voluntary monthly reports which could mean that these figures don’t reflect the true reprocessing levels of Wood.
Despite the weak performance during October, Wood maintains a substantial lead of 236,290t over its year-to-date requirement. However, keep in mind that the typically the oversupply of Wood contributes to the General Recycling obligation.
