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Markets - Weekly Prices Update - 30 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 fell whereas silver remained stable.

Secondary non-ferrous grades prices have been generally stable but remain at low levels. Merchants don’t expect prices to remain stable for long and fear further falls from next week. They blame slow markets in China and India and the deteriorating state of the ferrous markets which has an impact on the non-ferrous.

The ferrous market is in continuing decline and the outlook is bleak. Mill prices expected for November will show a £20 per tonne fall with no hope of immediate improvement. This is due to excessive cheap Chinese billet which has flooded the European markets. Buyers are more inclined to prefer cheap steel billet than steel scrap. A few merchants pointed out that if the situation continues then gate fees might be applied for ferrous metals and that may result in further closures of companies who have invested in expensive plant and machinery.

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 20.80d0.16
Platinum scrap  15.16d0.12
Palladium14.34d0.29
Fine gold24.41d0.15
9ct gold8.88d0.06
Fine silver0.301u0.002
925 silver0.278u0.002

 

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-
Clean rod swarf1640-1710-
Unsorted brass scrap1650-1720d10
Mixed brass scrap1650-1730-

 

Bronze & gun metals£/tonnechange
Commercial GM scrap2000-2100d100
GM borings2000-2100d100
Commercial PB scrap2100-2200d200
Brass and copper radiators1300-1400d50

 

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

 

Lead £/tonnechange
Collected scrap700-800-
Batteries300-400d100

 

Nickels and alloys £/tonnechange
18/8 stainless steel solids400-460-
18/8 stainless steel turnings120-180-
18/10/3 stainless steel solids580-680-
18/10/3 stainless steel turnings300-380-
17% chrome iron50-70-
13% chrome iron30-60-
Pure nickel solids4,700-
Pure tungsten5,000-
Pure molybdenum12,000-
Pure cobalt17,000-
Wrought clean monel2000-2300-
Monel turnings900-1000-
70/30 cupronickel2100-2200-
90/10 cupronickel1900-2000-
Clean tungsten carbide5100-5400-
18/4/1 high-speed solids200-260-
18/4/1 high-speed turnings80-100-
6/5/2 high-speed solids160-200-
6/5/2 high-speed turnings60-100-

 

Copper£/tonnechange
Dry Bright Wire2590-2700-
Greasy Bright Wire2500-2630-
Clean flat bus bar2600-2680-
No1 Burnt wire2400-2670d5
No 2 burnt wire2300-2590-
Cylinders2375-2560d25
Clean and Painted2400-2590-
New copper tube2500-2600d20
Heavy copper2400-2580-
Braziery copper1900-2100-
Clean pyro cable1300-1450-
PVC pyro cable700-800d90

 

 Cables£/tonnechange
Household1000-1020d10
Low grade500-540d10
Aluminium low grade150-200d30

 

Aluminium£/tonnechange
Pure cuttings500-700-
Mixed alloy cuttings590-680-
Clean cast600-700-
Old rolled500-550-
Irony aluminium 100-200-
Turnings200-400-
Loose litho710-800-
Clean aluminium wheels720-840-
 alu/copper radiators1000-1100d165
Extrusion: clean705-800d20
Extrusion: painted600-700d90

 

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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