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Markets - Weekly Prices Update - 16 October 2015

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

Summary

PRN prices are stable

Across high value metals; platinum, gold and silver grades surged whereas palladium dropped.

There have been price drops across all categories of secondary non-ferrous grades. Copper prices fell by up to £300 per tonne. Aluminium grades were all down which most notable being pure cuttings, down £40 per tonne to an average £650 per tonne. Nickel and alloy prices were also hit with the most notable being tungsten and tungsten carbide, both down £400 per tonne to £5,100 and £5,350 per tonne respectivelly. Merchants blamed China’s weakened demand and the falling prices of oil.

PRNs

Grade£/tonnechange
Paper0.50-1.00-
Aluminium30-40-
Steel7-10-
Plastics30-40-
Glass aggregate12-15-
Glass remelt12-15-
Wood1.75-2-
Mixed Energy 0.70-0.90-

 

High Value Metals

Grade£/grammechange
Platinum 20.78↑1.39
Platinum scrap  15.15↑1.02
Palladium14.88↓0.08
Fine gold24.39↑0.24
9ct gold8.87↑0.08
Fine silver0.301↑0.011
925 silver0.278↑0.010

 

Non-Ferrous Metals

White metals           £/tonnechange
Mixed pewter6505-
43% tinman’s solder4810-
39% tinman’s solder4270-
29% plumber’s solder3010-
Solder joints1540-
6% mixed type metal1120-

 

Aluminium ingots   £/tonnechange
LM21500-
LM41560-
LM61640-
LM241505-
LM251610-
LM271530-
Standard remelt ingots1310-
Mixed remelts1240-

 

Brass£/tonnechange
Cuttings1650-1750↓110
Clean rod swarf1640-1710↓95
Unsorted brass scrap1650-1730↓120
Mixed brass scrap1650-1730↓120

 

Bronze & gun metals£/tonnechange
Commercial GM scrap2050-2200↓120
GM borings2040-2200↓100
Commercial PB scrap2150-2400↓120
Brass and copper radiators1350-1450↓200

 

Zinc £/tonnechange
Zinc base scrap400-500-
New cuttings400-500-

 

Lead £/tonnechange
Collected scrap700-800-
Batteries300-400-

 

Nickels and alloys £/tonnechange
18/8 stainless steel solids400-460↓40
18/8 stainless steel turnings120-180↓20
18/10/3 stainless steel solids600-680↓40
18/10/3 stainless steel turnings320-380↓40
17% chrome iron50-70↓10
13% chrome iron30-60↓10
Pure nickel solids4,800↓100
Pure tungsten5100↓400
Pure molybdenum12000-
Pure cobalt17000-
Wrought clean monel2000-2200↓100
Monel turnings900-1000↓100
70/30 cupronickel2100-2200↓100
90/10 cupronickel1900-2000↓100
Clean tungsten carbide5200-5500↓400
18/4/1 high-speed solids200-300↓40
18/4/1 high-speed turnings80-100-
6/5/2 high-speed solids160-220↓40
6/5/2 high-speed turnings60-100-

 

Copper£/tonnechange
Dry Bright Wire2600-2700↓300
Greasy Bright Wire2500-2630↓200
Clean flat bus bar2600-2680↓150
No1 Burnt wire2400-2675↓90
No 2 burnt wire2300-2590↓100
Cylinders2385-2585↓105
Clean and Painted2400-2590↓100
New copper tube2500-2620↓200
Heavy copper2400-2580↓110
Braziery copper1900-2100↓180
Clean pyro cable1300-1450↓130
PVC pyro cable700-890↓90

 

 Cables£/tonnechange
Household1000-1030↓20
Low grade500-550↓100
Aluminium low grade200-230↓20

 

Aluminium£/tonnechange
Pure cuttings600-700↓40
Mixed alloy cuttings590-680↓35
Clean cast600-700↓40
Old rolled500-550↓80
Irony aluminium 100-200↓40
Turnings200-400↓80
Loose litho710-800↓90
Clean aluminium wheels720-840↓25
 alu/copper radiators1100-1265↓130
Extrusion: clean705-820↓20
Extrusion: painted600-790↓35

 

Ferrous Metals

Ferrous£-tonnechange
Broken foundry cast iron 50-70-
Foundry short steel70-90-
Grade 0A heavy structural and plate70-90-
Grade 1 5ft old steel50-75-
Grade 2 2ft old steel50-70-
Grade 4C new production steel bales60-75-
Grade 5C loose light steel scrap (light iron)5-40-
Grade 7B mixed steel turnings15-40-
Grade 8B mixed cuttings45-75-
Grade 9 heavy cast iron (over size)20-40-
Grade 10 light cast iron30-50-
Grade 11 cast iron borings30-50-
Grade 12 a new production heavy steel scrap 60-80-
Car engines70-85-

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