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Markets - Weekly Prices Update - 19 June 2015

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

Summary

PRN prices are stable.

Falls are recorded across high value metals with the most notable being platinum and platinum scrap. This led to a 30% surge in jewellery sales in India during April and May.

Copper prices are stable. Merchants have expressed market difficulties with low supply and demand.

Across nickel and alloy secondary grades, tungsten and tungsten carbide prices have fallen by £340 and £400 per tonne respectively. During the first quarter of the year, global nickel markets were in surplus by 39,000 tonnes and this is now reflected now in falling prices, according to merchants.

Ferrous prices are unchanged.

 

PRNs

Grade:£/tonnechange
Paper0.80-0.90-
Aluminium14-16-
Steel11.70-11.80-
Plastics23.70-23.95-
Glass:Aggregate12.05-13.05-
Glass: Remelt12.75-13.75-
Wood1.50-1.90-
Mixed Energy0.70-0.80-

 

High Value Metals

Grade:£/grammechange
Platinum21.92↓1.39
Platinum scrap15.98↓1.01
Palladium14.93↓0.75
Fine gold24.19↓0.21
9ct gold8.80↓0.19
Fine silver0.293↓0.011
925 silver0.271↓0.011

 

Non-Ferrous Metals

White metals£/tonnechange
Mixed pewter6520-
43% tinman’s solder4825-
39% tinman’s solder4285-
29% plumber’s solder3025-
Solder joints1520-
6% mixed type metal1130-

 

Aluminium ingots£/tonnechange
LM21540-
LM41555-
LM61645-
LM241515-
LM251620-
LM271540-
Standard remelt ingots1305-
Mixed remelts1240-

 

Brass£/tonnechange
Cuttings1800-1970↓10
Clean rod swarf1700-2000-
Unsorted brass scrap2000-2100-
Mixed brass scrap1800-1870-

 

Bronze & gun metals£/tonnechange
Commercial GM scrap2450-2760↓10
GM borings2340-2670↓10
Commercial PB scrap2520-2960↓10
Brass and copper radiators1600-2000-

 

Zinc£/tonnechange
Zinc base scrap500-590-
New cuttings500-560-

 

Lead£/tonnechange
Collected scrap700-900-
Batteries390-450-

 

Nickels and alloys£/tonnechange
18/8 stainless steel solids500-600↓20
18/8 stainless steel turnings200-300-
18/10/3 stainless steel solids800-960↓20
18/10/3 stainless steel turnings540-620-
17% chrome iron100-140-
13% chrome iron100-120-
Pure nickel solids6300↓100
Pure tungsten10350↓350
Pure molybdenum14040-
Pure cobalt18860-
Wrought clean monel3000-3200↓100
Monel turnings1400-1500↓100
70/30 cupronickel3000-3140↓100
90/10 cupronickel2700-2800↓100
Clean tungsten carbide10000-10400↓400
18/4/1 high-speed solids600-660↓40
18/4/1 high-speed turnings120-160↓20
6/5/2 high-speed solids340-440↓60
6/5/2 high-speed turnings100-180↓20

 

Copper£/tonnechange
Dry Bright Wire3200-3250-
Greasy Bright Wire3390-3405-
Clean flat bus bar3350-3500-
No1 Burnt wire2800-3160↓20
No 2 burnt wire2800-3000-
Cylinders3050-3100-
Clean and Painted3300-3400-
New copper tube2955-3500-
Heavy copper2900-3100-
Braziery copper2500-2700-
Clean pyro cable1755-1980-
PVC pyro cable1010-1300-

 

Cables£/tonnechange
Household1200-1300-
Low grade750-860-
Aluminium low grade250-300-

 

Aluminium£-tonnechange
Pure cuttings850-930↓10
Mixed alloy cuttings700-860 
Clean cast740-830↓10
Old rolled600-700-
Irony Aluminium350-500-
Turnings540-610↓10
Loose litho850-990-
Clean aluminium wheels930-1000-
Alu/copper radiators1500-1600-
Extrusion: clean850-970↓10
Extrusion: painted820-920-

Ferrous Metals

Ferrous£/tonnechange
Broken foundry cast iron60-75-
Foundry short steel70-85-
Grade 0A heavy structural and plate80-95-
Grade 1 5ft old steel70-85-
Grade 2 2ft old steel70-85-
Grade 4C new production steel bales85-95-
Grade 5C loose light steel scrap (light iron)40-55-
Grade 7B mixed steel turnings40-55-
Grade 8B mixed cuttings70-85-
Grade 9 heavy cast iron (over size)55-65-
Grade 10 light cast iron50-60-
Grade 11 cast iron borings60-70-
Grade 12 a new production heavy steel scrap70-90-
Car engines110-135-

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