Provisional packaging waste recovery data has been released for the first quarter of 2014. The provisional data, which is published by the Environment Agency, shows the amount of packaging recovered or recycled between January and March 2014.
The data indicates that steel recycling has fallen significantly below the level recorded for the same period in 2013.
Chris Taylor, PRN Trader at Clarity Environmental said things are not looking positive for steel but the shortage should be temporary. “The figures show a big drop in the amount of steel packaging exported in the first quarter of this year and as a result the price is expected to rise, as was feared. There is talk that low availability of export containers is the cause of this, which does suggest that the material is still there so this may be a temporary shortage. Once exports start moving again we could see the market stabilise.”
Whilst plastic is strong, which is likely to result in softening prices, the glass market is in a very similar position to Q1 last year. Chris says: “Glass Other is performing particularly poorly, so again buyers may have to resort to remelt and face the higher cost. We don’t expect much movement until at least next month when the producer obligations are released.”
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.