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Markets - Weekly Prices Update - 2 July 2016

 

 

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

Summary

The previous week’s dip for high value metals was reversed this week with rises across all grades, after uncertainty in the currency markets caused by the UK referendum result.

There were falls and rises across the white metal grades, solder joints and 6% mixed type metal rose by £53 and £2262 per tonne respectively to £1493 and £1282 per tonne respectively.

The majority of aluminium ingots rose in price, with increases of between £25 per tonne to £195 per tonne, only LM24 fell in price by £35 per tonne to £1470 per tonne.

There were price increases across most brass grades of around £50 per tonne, however brass cuttings rose by £125 per tonne to £1850 per tonne. 

Bronze & gun metals also had price increases of £50 per tonne, however brass & copper radiators rose by £125 per tonne to £1465 per tonne.

There were various price increases across the nickel & alloy grades, ranging widely from £20 per tonne up to £1020 per tonne.

All the secondary copper grades saw price increases due to the weakening pound as a result of the referendum. There were rises of up to £250 per tonne, with dry bright wire prices increasing by £250 per tonne to £2925 per tonne.

Cables rose by £25 to £50 per tonne, with household and low grade both rising to £950 and £550 per tonne to respectively.

Most aluminium grades rose in price, with average increases of £25 to £95 per tonne.

 

PRN £/tonne change
Paper 0.89-1 -
Aluminium 22.50-23.30 -
Steel 20-25 -
Plastics 34-37 -
Glass aggregate 11-12 -
Glass remelt 11-13 -
Wood 2-3 -
Mixed energy  0.70-1 -

 

 

High Value Metals £/gramme change
Platinum  24.02 ↑2.57
Platinum scrap   17.51 ↑1.87
Palladium 13.49 ↑1.58
Fine gold 32.21 ↑4.32
9ct gold 11.72 ↑1.57
Fine silver 0.390 ↑0.730
925 silver 0.361 ↑0.051

 

 

White metals   £/tonne change
Mixed pewter 5703 ↓702
39% tinman’s solder 4101 ↓179
29% plumber’s solder 2765 ↓185
Solder joints 1493
↑53
6% mixed type metal 1282 ↑262
     

 

 

Aluminium ingots    £/tonne change
LM2 1560 ↑65
LM4 1600 ↑35
LM6 1825 ↑195
LM24 1470 ↓35
LM25 1800 ↑180
LM27 1580 ↑80
Standard remelt ingots 1270 -
Mixed remelts 1250 -

 

 

Brass £/tonne change
Cuttings 1775-1925 ↑125
Clean rod swarf 1500-1650 ↑50
Unsorted brass scrap 1675-1750 ↑50
Mixed brass scrap 1700-1725 ↑50

 

 

Bronze & gun metals £/tonne change
Commercial GM scrap 2050-2100 ↑50
GM borings 1950-2100 ↑50
Commercial PB scrap 2150-2250 ↑50
Brass and copper radiators 1375-1550 ↑125

 

Aluminium £/tonne change
Pure cuttings 650-725 ↑25
Mixed alloy cuttings 600-650 ↑25
Clean cast 600-700 ↑25
Old rolled 475-550 ↑50
Irony aluminium  150-215 -
Turnings 250-425 -
Loose litho 575-725 ↑25
Clean aluminium wheels 700-825 ↑95
Alu/copper radiators 1150-1300 ↑50
Extrusion: clean 725-875 ↑75
Extrusion: painted 650-800 ↑50

 

  

Nickels and alloys  £/tonne change
18/8 stainless steel solids 460-520 ↑40
18/8 stainless steel turnings 160-240 ↑40
18/10/3 stainless steel solids 660-740 ↑100
18/10/3 stainless steel turnings 340-380 ↑20
17% chrome iron 100-160 ↑20
13% chrome iron  80-140 ↑20
Pure nickel solids  4020 ↑200
Pure tungsten  3700 -
Pure molybdenum  12000 ↑1000
Pure cobalt  16600 ↑1020
Wrought clean monel  2300-2400 ↑200
Monel turnings  1000-1220 ↑100
70/30 cupronickel  2400-2480 ↑200
90/10 cupronickel  2220-2400 ↑200
Clean tungsten carbide  3800-4000 -
18/4/1 high-speed solids  100-160 -
18/4/1 high-speed turnings  80-120 -
6/5/2 high-speed solids  100-140 -
6/5/2 high-speed turnings  70-90 -

 

 

Copper £/tonne change
Dry bright wire 2800-3050 ↑250
Greasy bright wire 2700-2850 ↑200
Clean flat bus bar 2725-2900 ↑250
No 1 burnt wire 2650-2850 ↑200
No 2 burnt wire 2500-2650 ↑200
Cylinders 2450-2600 ↑125
Clean and painted 2500-2575 ↑50
New copper tube 2600-2800 ↑200
Heavy copper 2575-2650 ↑125
Braziery copper 2200-2300 ↑150
Clean pyro cable 1350-1475 ↑100
PVC pyro cable  900-1100 ↑250

 

 

Cables £/tonne change
Household 900-1000 ↑50
Low grade 500-600 ↑50
Aluminium low grade 175-225 ↑25

 

Lead  £/tonne change
Collected scrap 780-900 -
Batteries 350-400 -

 

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

 

 

Ferrous Metals £-tonne change
Broken foundry cast iron  55-70 -
Foundry short steel 50-85 -
Grade 0A heavy structural and plate 45-80 -
Grade 1 5ft old steel 50-75 -
Grade 2 2ft old steel 45-60 -
Grade 4C new production steel bales 55-75 -
Grade 5C loose light steel scrap (light iron) 30-50 -
Grade 7B mixed steel turnings 35-45 -
Grade 8B mixed cuttings 50-75 -
Grade 9 heavy cast iron (over size) 35-45 -
Grade 10 light cast iron 35-50 -
Grade 11 cast iron borings 35-50 -
Grade 12 a new production heavy steel scrap  50-75 -
Car engines 65-75 -
     

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