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Markets - Weekly Prices Update - 5 February 2016

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

Summary

Plastics PRNs are stable.

Secondary copper and aluminium merchants reported falls across both materials due to further decline of brent crude oil prices. They were $33.49 (£23.12) per barrel at the beginning of this week compared with $36 per barrel a week earlier. Copper dry bright wire fell £10 per tonne to about £2,520 per tonne. Greasy bright wire, clean flat bus bar, heavy copper and new copper tube all fell by £10 per tonne. No 1 burnt wire prices fell by £20 per tonne while no2 burnt wire prices remained stable following a £20 per tonne decline on the previous report.

Pure aluminium cuttings and mixed alloy cuttings remained unchanged. Clean cast, old rolled, loose litho and both clean and painted extrusion grades all fell by £20 per tonne. Aluminium and copper radiators prices, having been affected by both low copper and aluminium trends, fell by £30 per tonne.

Nickel and alloy prices have been more volatile with increases of £20 per tonne across 18/8 stainless steel, 18/10/3 stainless steel, pure nickel solids, 70/30 cupronickel. However, there was a fall of £100 per tonne on clean tungsten carbide and falls of £20 per tonne for both 18/4/1 high-speed solids and 6/5/2 high speed solids.

Across high value metals; gold, platinum and palladium have all gained from the weaker dollar, under pressure from oil prices.

Ferrous prices are unchanged.

 

PRN £/tonne change
Paper 2-3 -
Aluminium 35-45 -
Steel 10-20 -
Plastics 60-70 -
Glass aggregate 8-10 -
Glass remelt 8-10 -
Wood 13-15 -
Mixed Energy  1-3 -

 

 

High Value Metals £/gramme change
Platinum  18.86 ↑0.07
Platinum scrap   13.75 ↑0.04
Palladium 11.29 ↑0.60
Fine gold 24.97 ↑0.74
9ct gold 9.08 ↑0.26
Fine silver 0.236 ↓0.073
925 silver 0.218 ↓0.068

 

 

White metals            £/tonne change
Mixed pewter 6405 -
43% tinman’s solder 4710 -
39% tinman’s solder 4170 -
29% plumber’s solder 2960 -
Solder joints 1440 -
6% mixed type metal 1020 -

 

Aluminium ingots    £/tonne change
LM2 1480 -
LM4 1550 -
LM6 1600 -
LM24 1500 -
LM25 1600 -
LM27 1500 -
Standard remelt ingots 1290 -
Mixed remelts 1230 -

 

Brass £/tonne change
Cuttings 1500-1590 ↓10
Clean rod swarf 1400-1600 -
Unsorted brass scrap 1490-1560 ↓20
Mixed brass scrap 1500-1570 ↓30

 

Bronze & gun metals £/tonne change
Commercial GM scrap 1990-2000 -
GM borings 2000-2100 -
Commercial PB scrap 2100-2140 -
Brass and copper radiators 1095-1100 -

 

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

 

Lead  £/tonne change
Collected scrap 700-740 -
Batteries 300-400 -

 

Nickels and alloys  £/tonne change
18/8 stainless steel solids 320-440 ↑20
18/8 stainless steel turnings 100-160 -
18/10/3 stainless steel solids 520-640 ↑20
18/10/3 stainless steel turnings 240-340 -
17% chrome iron 40-60 -
13% chrome iron 20-60 -
Pure nickel solids 3880 ↑20
Pure tungsten 4000 -
Pure molybdenum 11000 -
Pure cobalt 15590 -
Wrought clean monel 2000-2260 ↑20
Monel turnings 900-1000 -
70/30 cupronickel 2000-2260 ↑20
90/10 cupronickel 1700-2040 ↑40
Clean tungsten carbide 4100-4200 ↓100
18/4/1 high-speed solids 100-140 ↓20
18/4/1 high-speed turnings 40-80 -
6/5/2 high-speed solids 100-120 ↓20
6/5/2 high-speed turnings 20-60 -

 

Copper £/tonne change
Dry Bright Wire 2480-2570 ↓10
Greasy Bright Wire 2380-2480 ↓10
Clean flat bus bar 2500-2550 ↓10
No1 Burnt wire 2400-2540 ↓20
No 2 burnt wire 2100-2300 -
Cylinders 2300-2495 ↓5
Clean and Painted 2300-2490 ↓10
New copper tube 2500-2550 ↓10
Heavy copper 2260-2360 ↓10
Braziery copper 1750-2000 -
Clean pyro cable 1200-1280 ↓10
PVC pyro cable 400-600 -

 

 Cables £/tonne change
Household 960-1000 -
Low grade 440-500 -
Aluminium low grade 130-200 -

 

Aluminium £/tonne change
Pure cuttings 430-650 -
Mixed alloy cuttings 570-600 -
Clean cast 560-620 ↓20
Old rolled 350-400 ↓20
Irony aluminium  90-180 -
Turnings 200-380 -
Loose litho 500-640 ↓20
Clean aluminium wheels 600-700 -
 alu/copper radiators 860-900 ↓30
Extrusion: clean 600-730 ↓20
Extrusion: painted 500-670 ↓20

 

Ferrous Metals £-tonne change
Broken foundry cast iron  30-50 -
Foundry short steel 50-70 -
Grade 0A heavy structural and plate 40-65 -
Grade 1 5ft old steel 30-55 -
Grade 2 2ft old steel 30-50 -
Grade 4C new production steel bales 40-55 -
Grade 5C loose light steel scrap (light iron) 5-20 -
Grade 7B mixed steel turnings 5-20 -
Grade 8B mixed cuttings 25-50 -
Grade 9 heavy cast iron (over size) 5-20 -
Grade 10 light cast iron 10-30 -
Grade 11 cast iron borings 10-30 -
Grade 12 a new production heavy steel scrap  40-60 -
Car engines 50-65 -

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