The packaging recycling and export data for Q2 confirmed the industry’s expectations that the UK is on track to meet the 2016 recycling targets, with prices falling in the PRN markets as a result.
Clarity Environmental’s Commercial Manager, Chris Taylor, said: “With strong performances across the board, we’ve seen all grades drop in price. Plastic hasn’t declined as significantly as some buyers had predicted, based on the data, but it continues to soften slowly.
Chris continued that he is not expecting any major rise in price in the coming months: “There would have to be some serious shortfall in Q3 for us to see any significant price increases in the PRN market, but the monthly data for now suggests that it is very unlikely.”
Trading has remained strong throughout August and Clarity’s PRN team currently sits at 92.5 per cent of the total trading done in 2015. Chris added: “We are excited to see what the rest of the year brings as we work to get the best out of the PRN market for both our long-term clients and those that are new to working with us.”
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.
