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Markets - Weekly Prices Update 17 October 2014

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

Summary

Little change is recorded across PRN prices this week.

High value metal prices are on the rise with the exception of palladium. Palladium, used in the oil mining process, is affected by the decline of Brent crude oil price, which has reached its lowest level in four years.

Nickel and alloy prices are down. Merchants blame a global oversupply and low demand from China. The Indonesian ore ban, which has driven up prices since it started in January, remains in place and most analysts appear perplexed at the increase of global supply. Some have suggested there are shadow inventories in Asia similar to the Qingdao incident.

Aluminium prices are stable this week. Last week they reached high levels due to good performance on the LME. All other non-ferrous grades prices appear stable.

Ferrous scrap metal prices are unchanged.

PRNs

Grade:£/tonnechange
Paper0.70-1-
Aluminium8-10-
Steel7-11↑1
Plastics25-29↑2
Glass:Aggregate18-20-
Glass: Remelt25-26-
Wood1.50-2.50-
Mixed Energy0.50-0.80↓0.20

 

High Value Metals

Grade:£/grammechange
Platinum25.50↑0.34
Platinum scrap18.57↑0.22
Palladium16.08↓0.53
Fine gold24.38↑0.22
9ct gold8.87↑0.08
Fine silver0.316↑0.005
925 silver0.292↑0.005

Non Ferrous Metals

White metals£/tonnechange
Mixed pewter6510-
43% tinman’s solder4860-
39% tinman’s solder4447-
29% plumber’s solder3080-
Solder joints1505-
6% mixed type metal1150-

 

Aluminium ingots£/tonnechange
LM21490-
LM41530-
LM61600-
LM241485-
LM251580-
LM271550-
Standard remelt ingots1305-
Mixed remelts1250-

 

Brass£/tonnechange
Cuttings2100-2250-
Clean rod swarf2100-2200-
Unsorted brass scrap2000-2100-
Mixed brass scrap2200-2000-

 

Bronze & gun metals£/tonnechange
Commercial GM scrap2800-2990↓10
GM borings2750-2890↓10
Commercial PB scrap2800-3000-
Brass and copper radiators2000-2150-

 

Zinc£/tonnechange
Zinc base scrap580-610↑10
New cuttings500-600-

 

Lead£/tonnechange
Collected scrap950-1000-
Batteries400-450-

 

Nickels and alloys£/tonnechange
18/8 stainless steel solids500-660↓40
18/8 stainless steel turnings200-300↓60
18/10/3 stainless steel solids800-1040↓40
18/10/3 stainless steel turnings500-680↓100
17% chrome iron160-200↓20
13% chrome iron130-170↓10
Pure nickel solids6,700↓100
Pure tungsten14,520-
Pure molybdenum14,750-
Pure cobalt19590-
Wrought clean monel3800-4000↓100
Monel turnings1700-1900↓60
70/30 cupronickel3300-3500-
90/10 cupronickel2900-3000-
Clean tungsten carbide13480-13840-
18/4/1 high-speed solids900-1060-
18/4/1 high-speed turnings250-360-
6/5/2 high-speed solids750-880-
6/5/2 high-speed turnings160-290-

 

Copper£/tonnechange
Dry Bright Wire3600-3700-
Greasy Bright Wire3500-3600-
Clean flat bus bar3550-3600-
No1 Burnt wire3400-3450-
No 2 burnt wire3300-3340↓10
Cylinders3100-3190↓10
Clean and Painted3300-3500-
New copper tube3550-3600-
Heavy copper3350-3450-
Braziery copper2800-3000-
Clean pyro cable1750-2100-
PVC pyro cable1350-1550↑50

 

Cables£/tonnechange
Household1200-1350-
Low grade770-800-
Aluminium low grade250-300-

 

Aluminium£-tonnechange
Pure cuttings800-1000-
Mixed alloy cuttings700-900-
Clean cast750-860↑10
Old rolled650-760↑10
Irony aluminium300-400-
Turnings510-560↑10
Loose litho850-980-
Clean aluminium wheels950-1000-
alu/copper radiators1550-1650-
Extrusion: clean850-950-
Extrusion: painted800-900-

 

Ferrous Metals

Ferrous£/tonnechange
Broken foundry cast iron90-105-
Foundry short steel102-130-
Grade 0A heavy structural and plate110-125-
Grade 1 5ft old steel102-130-
Grade 2 2ft old steel95-115-
Grade 4C new production steel bales120-130-
Grade 5C loose light steel scrap (light iron)70-85-
Grade 7B mixed steel turnings70-85-
Grade 8B mixed cuttings105-125-
Grade 9 heavy cast iron (over size)80-105-
Grade 10 light cast iron102-110-
Grade 11 cast iron borings90-105-
Grade 12 a new production heavy steel scrap115-125-
Car engines140-165-

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