June has seen very little change to the packaging recovery note (PRN) markets, with prices across most grades remaining relatively stagnant.
Trading in PRNs remains strong, however, which is common for this quarter. Whilst the larger buyers are holding off, waiting to see if the prices will drop, direct registrants, are coming to the market now to cover their packaging obligation.
The packaging recovery data for the second quarter of the year is due out next month and Clarity Environmental’s Commercial Manager, Chris Taylor, said the industry now eagerly awaits the data, but with some trepidation: “Direct registrants are buying as usual, which is keeping trading volumes moving and prices stable for the time being, but other buyers are holding back.
“Whilst the last quarter’s data gave us an overall positive picture of the markets, with many grades way ahead of their targets, it remains to be seen what effect the current markets will have on these figures going forward. What is certain is that the industry is, once again, eagerly waiting for the results from this current quarter.”
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 grade of packaging recovery note (PRN), contact us on 0845 129 7177.