Speaking at the MRW Recycling Retail Waste 2009 conference WRAP director of market development Marcus Gover said prices for materials were stabilising back to normal levels and they had not seen any evidence of significant stockpiles.
He added: After excessive volatility the markets are starting to stabilise but still at quite low levels. Some of the prices are picking up but gently. It means the materials are moving and evidence that we collect show that markets are opening up again. Materials are definitely moving. Evidence from talking to local authorities, the Environment Agency and waste management companies is that there arent any significant stockpiles. You have to remember that 10 million tonnes of household recycling if you stockpiled 500,000 tonnes that is only 5%. So 95% of recycling is still happening.
Our work will continue to monitor this but also to try to stimulate the UK market and increase the demand for recycled content.
An EA spokeswoman said that it had not seen significant increases in requests for additional storage capacity for recyclable materials.
Recent figures show that from the period 5 January 2009 to 9 January 2009 16 requests were made for extra storage capacity for recyclable materials compared to seven requests the same time last year.
Waste management firms and small businesses can make requests as well as local authorities.