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Markets - Weekly Prices Update - 12 March 2016

MRW’s regular reporting of movements in the markets for secondary materials

Summary

PRN prices are relatively stable.

Most secondary metals have gained after the pick-up in oil prices. The most notable was secondary copper, which went up £10-£140 per tonne depending on the grade. The most traded was dry bright wire, which increased by £20 to about £2,590 per tonne, while heavy copper was up £140 to about £2,450 per tonne.

Merchants reported a £5-£10 per tonne rise across ferrous scrap metal prices. However, trade is reportedly still slow and there is not enough material to boost the market.

All high value metals picked up following gold’s rise by £1.21 per gramme to £28.8 per gramme.

 

PRN £/tonne change
Paper 1.50-2 -
Aluminium 37-42 -
Steel 27-30 -
Plastics 38-41 -
Glass aggregate 9-13 -
Glass remelt 9-13 -
Wood 2-4 -
Mixed Energy  0.20-0.90 -

 

 

High Value Metals £/gramme change
Platinum  21.77 ↑0.71
Platinum scrap   15.87 ↑0.51
Palladium 12.48 ↑1.04
Fine gold 28.80 ↑1.21
9ct gold 10.47 ↑0.43
Fine silver 0.320 ↑0.013
925 silver 0.296 ↑0.012

 

 

White metals   £/tonne change
Mixed pewter 6405 -
43% tinman’s solder 4710 -
39% tinman’s solder 4170 -
29% plumber’s solder 2960 -
Solder joints 1440 -
6% mixed type metal 1020 -

 

Aluminium ingots    £/tonne change
LM2 1480 -
LM4 1550 -
LM6 1600 -
LM24 1500 -
LM25 1600 -
LM27 1500 -
Standard remelt ingots 1290 -
Mixed remelts 1230 -

 

Brass £/tonne change
Cuttings 1600-1710 ↑100
Clean rod swarf 1400-1600 -
Unsorted brass scrap 1600-1690 ↑110
Mixed brass scrap 1550-1640 ↑60

 

Bronze & gun metals £/tonne change
Commercial GM scrap 1990-2000 -
GM borings 2000-2100 -
Commercial PB scrap 2100-2140 -
Brass and copper radiators 1095-1110 ↑10

 

Zinc  £/tonne change
Zinc base scrap 300-400 -
New cuttings 300-400 -

 

Lead  £/tonne change
Collected scrap 750-800 ↑60
Batteries 350-410 ↓20

 

Nickels and alloys  £/tonne change
18/8 stainless steel solids 360-460 -
18/8 stainless steel turnings 120-180 -
18/10/3 stainless steel solids 560-660 -
18/10/3 stainless steel turnings 260-360 -
17% chrome iron 40-60 -
13% chrome iron 20-60 -
Pure nickel solids 3960 -
Pure tungsten 3900 ↓100
Pure molybdenum 11000 -
Pure cobalt 15580 -
Wrought clean monel 2060-2260 -
Monel turnings 900-1040 -
70/30 cupronickel 2080-2280 ↑20
90/10 cupronickel 1880-2080 ↑40
Clean tungsten carbide 4000-4200 -
18/4/1 high-speed solids 100-140 -
18/4/1 high-speed turnings 40-80 -
6/5/2 high-speed solids 100-120 -
6/5/2 high-speed turnings 20-60 -

 

Copper £/tonne change
Dry Bright Wire 2550-2610 ↑20
Greasy Bright Wire 2400-2500 ↑10
Clean flat bus bar 2600-2620 ↑60
No1 Burnt wire 2500-2600 ↑50
No 2 burnt wire 2200-2305 -
Cylinders 2400-2500 ↑5
Clean and Painted 2400-2500 ↑10
New copper tube 2500-2570 -
Heavy copper 2400-2500 ↑140
Braziery copper 1800-2100 ↑100
Clean pyro cable 1300-1400 ↑70
PVC pyro cable 500-840 ↑140

 

Cables £/tonne change
Household 960-1000 -
Low grade 420-500 -
Aluminium low grade 150-200 -

 

Aluminium £/tonne change
Pure cuttings 500-670 ↑20
Mixed alloy cuttings 600-660 ↑50
Clean cast 560-620 -
Old rolled 410-460 -
Irony aluminium  100-200 -
Turnings 200-390 -
Loose litho 500-640 -
Clean aluminium wheels 600-700 -
alu/copper radiators 870-900 -
Extrusion: clean 600-730 -
Extrusion: painted 500-660 -

 

Ferrous Metals £-tonne change
Broken foundry cast iron  35-55 ↑5
Foundry short steel 50-75 ↑5
Grade 0A heavy structural and plate 45-70 ↑5
Grade 1 5ft old steel 35-60 ↑5
Grade 2 2ft old steel 30-55 ↑5
Grade 4C new production steel bales 45-60 ↑5
Grade 5C loose light steel scrap (light iron) 5-30 ↑10
Grade 7B mixed steel turnings 10-25 ↑5
Grade 8B mixed cuttings 25-55 ↑5
Grade 9 heavy cast iron (over size) 10-25 ↑5
Grade 10 light cast iron 15-35 ↑5
Grade 11 cast iron borings 15-35 ↑5
Grade 12 a new production heavy steel scrap  45-65 ↑5
Car engines 55-70 ↑5

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