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Markets - Weekly Prices Update - 13 March 2015

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

Summary

PRN prices are stable this week.

Copper prices continue to fall due to lower Chinese demand and as a result secondary copper, brass and gumnmetal prices are affected.

All other metal prices are stable with the exception of aluminium.

All high value metal prices are lower but analysts expect gold to recover. Strong US jobs data bolstered the case for the Federal Reserve to raise interest rates, causing gold prices to fall. This week however, investors focused on the risk of the Greek government holding a referendum on whether or not to accept further financial aid from its creditors. As the Wall Street Journal reports “The long-running fear for many traders is that Greece would leave the euro bloc to default on its massive debt load and destabilise the common currency. Gold has benefited from these fears as the precious metal is seen as likely to keep its value better than other assets during periods of financial and economic uncertainty.” (Wall Street Journal: on.wsj.com/1EGpecQ)

PRNs

Grade:£/tonnechange
Paper0-80-1-
Aluminium8-10-
Steel8-10-
Plastics15-20-
Glass:Aggregate12-16↓2
Glass: Remelt12-16↓2
Wood0.50-2-
Mixed Energy0.50-0.70↓0.30

 

High Value Metals

Grade:£/grammechange
Platinum24.07↓0.69
Platinum scrap17.55↓0.51
Palladium16.99↓0.17
Fine gold24.79↓0.56
9ct gold9.02↓0.2
Fine silver0.302↓0.009
925 silver0.279↓0.009

Non Ferrous Metals

White metals£/tonnechange
Mixed pewter6510-
43% tinman’s solder4850-
39% tinman’s solder4290-
29% plumber’s solder3020-
Solder joints1505-
6% mixed type metal1130-

 

Aluminium ingots£/tonnechange
LM21520-
LM41550-
LM61600-
LM241500-
LM251610-
LM271550-
Standard remelt ingots1325-
Mixed remelts1250-

 

Brass£/tonnechange
Cuttings1900-2000↓160
Clean rod swarf1700-2000↓140
Unsorted brass scrap2000-2100-
Mixed brass scrap1900-2000↓100

 

Bronze & gun metals£/tonnechange
Commercial GM scrap2800-2900↓40
GM borings2750-2840-
Commercial PB scrap2800-2990-
Brass and copper radiators2000-2050↓50

 

Zinc£/tonnechange
Zinc base scrap450-500↓50
New cuttings450-500↓50

 

Lead£/tonnechange
Collected scrap700-850↓50
Batteries390-400-

 

Nickels and alloys£/tonnechange
18/8 stainless steel solids500-660-
18/8 stainless steel turnings200-280-
18/10/3 stainless steel solids800-1000-
18/10/3 stainless steel turnings500-620-
17% chrome iron100-140-
13% chrome iron100-120-
Pure nickel solids6620↓40
Pure tungsten13200↓400
Pure molybdenum14240-
Pure cobalt19060-
Wrought clean monel3100-3300-
Monel turnings1400-1700-
70/30 cupronickel3000-3120↓20
90/10 cupronickel2600-2800-
Clean tungsten carbide12800-13040↓100
18/4/1 high-speed solids600-840↓40
18/4/1 high-speed turnings160-240-
6/5/2 high-speed solids500-680↓40
6/5/2 high-speed turnings100-200-

 

Copper£/tonnechange
Dry Bright Wire3200-3300↓150
Greasy Bright Wire3390-3470-
Clean flat bus bar3350-3540-
No1 Burnt wire3300-3350-
No 2 burnt wire3000-3100↓190
Cylinders3050-3100-
Clean and Painted3300-3450-
New copper tube2950-3500-
Heavy copper3100-3200↓100
Braziery copper2600-2700-
Clean pyro cable1500-1600↓400
PVC pyro cable1350-1470-

 

Cables£/tonnechange
Household1200-1300-
Low grade750-850-
Aluminium low grade300-320-

 

Aluminium£-tonnechange
Pure cuttings850-900↓80
Mixed alloy cuttings700-900-
Clean cast700-790↓50
Old rolled650-750↓60
Irony Aluminium350-480-
Turnings550-600↓40
Loose litho850-980-
Clean aluminium wheels930-1000-
Alu/copper radiators1550-1630-
Extrusion: clean850-990-
Extrusion: painted820-930-

 

Ferrous Metals

Ferrous£/tonnechange
Broken foundry cast iron50-60-
Foundry short steel70-75-
Grade 0A heavy structural and plate50-60-
Grade 1 5ft old steel70-80-
Grade 2 2ft old steel70-80-
Grade 4C new production steel bales70-80-
Grade 5C loose light steel scrap (light iron)30-40-
Grade 7B mixed steel turnings30-40-
Grade 8B mixed cuttings60-70-
Grade 9 heavy cast iron (over size)45-50-
Grade 10 light cast iron30-55-
Grade 11 cast iron borings50-60-
Grade 12 a new production heavy steel scrap70-80-
Car engines110-120-

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