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Markets - Weekly Prices Update - 7 October 2016

 

 

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

Summary

Price increases across the aluminum and copper grades are said to follow the Brexit referendum result causing the pound to fall to a five-year low against Euro. 

All the high value metal grades fell in price.

Brass cuttings and mixed brass scrap rose by £35 and £25 per tonne respectively.

GM scrap and GM borings rose by £50 and £75 per tonne respectively. PB scrap rose by £100 per tonne.

There were price rises across most the aluminium grades of £15 to £50 per tonne.

The copper grades rose in price by £50 to £100 per tonne, merchants reported these rises to be down to the falling pound, not demand.

 

PRN £/tonne change
Paper 0.75-1 -
Aluminium 10 -
Steel 6.50 -
Plastics 16 -
Glass aggregate 11-12 -
Glass remelt 11-12 -
Wood 1.5-2 -
Mixed energy  0.70-1 -

 

High Value Metals £/gramme change
Platinum  24.83 ↓0.30
Platinum scrap   18.10 ↓0.22
Palladium 17.25 ↓0.05
Fine gold 31.97 ↓0.71
9ct gold 11.63 ↓0.26
Fine silver 0.402 ↓0.023
925 silver 0.372 ↓0.021

 

Brass £/tonne change
Cuttings 2000-2135 ↑35
Clean rod swarf 1700-1900 -
Unsorted brass scrap 1850-1950 -
Mixed brass scrap 2100-2200 ↑25

 

Bronze & gun metals £/tonne change
Commercial GM scrap 2400-2550 ↑50
GM borings 2250-2375 ↑75
Commercial PB scrap 2500-2700 ↑100
Brass & copper radiators 1800-1900 -

 

Aluminium £/tonne change
Pure cuttings 700-875 ↑50
Mixed alloy cuttings 675-775 ↑25
Clean cast 675-825 ↑25
Old rolled 600-700 ↑50
Irony aluminium  125-225 ↑25
Turnings 350-465 ↑15
Loose litho 800-900 -
Clean aluminium wheels 800-950 ↑25
Alu/copper radiators 1200-1350 -
Extrusion: clean 900-1000 -
Extrusion: painted 800-900 -

 

Copper £/tonne change
Dry bright wire 3275-3350 ↑50
Greasy bright wire 3050-3250 ↑50
Clean flat bus bar 3100-3250 ↑50
No 1 burnt wire 3100-3200 ↑100
No 2 burnt wire 2900-3100 ↑200
Cylinders 2800-2900 ↑100
Clean and painted 2950-3100 ↑100
New copper tube 3100-3200 -
Heavy copper 2950-3100 ↑100
Braziery copper 2550-2700 ↑100
Clean pyro cable 1450-1600 ↑100
PVC pyro cable 1150-1250 ↑100

 

Cables £/tonne change
Household 1000-1100 ↑50
Low grade 650-700 -
Aluminium low grade 150-200 -

 

Lead  £/tonne change
Collected scrap 1200-1300 ↑150
Batteries 400-500 -

 

Zinc  £/tonne change
Zinc base scrap 700-800 ↑25
New cuttings 700-800 ↑25

 

Nickels and alloys  £/tonne change
18/8 stainless steel solids 560-660 -
18/8 stainless steel turnings 260-360 -
18/10/3 stainless steel solids 780-900 -
18/10/3 stainless steel turnings 420-500 -
17% chrome iron 140-180 ↓10
13% chrome iron 120-160 ↓10
Pure nickel solids  5600 -
Pure tungsten  6500 -
Pure molybdenum  11795 ↓520
Pure cobalt  21899 ↑1112
Wrought clean monel 2600-2800 ↑100
Monel turnings 1460-1680 ↑100
70/30 cupronickel 3040-3180 -
90/10 cupronickel 2720-2880 -
Clean tungsten carbide 5400-5680 -
18/4/1 high-speed solids 180-240 -
18/4/1 high-speed turnings 130-190 -
6/5/2 high-speed solids 190-220 -
6/5/2 high-speed turnings 130-180 -

 

White metals   £/tonne change
Mixed pewter 6968 -
39% tinman’s solder 4811 -
29% plumber’s solder 3398 -
Solder joints 1850
-
6% mixed type metal 1461 -
     
Aluminium ingots    £/tonne change
LM2 1640 -
LM4 1680 -
LM6 1885 -
LM24 1550 -
LM25 1865 -
LM27 1680 -
Standard remelt ingots 1270 -
Mixed remelts 1250 -

 

Ferrous Metals £-tonne change
Broken foundry cast iron  60-85 -
Foundry short steel 55-100 -
Grade 0A heavy structural and plate 60-100 -
Grade 1 5ft old steel 60-90 -
Grade 2 2ft old steel 50-70 -
Grade 4C new production steel bales 60-90 -
Grade 5C loose light steel scrap (light iron) 30-60 -
Grade 7B mixed steel turnings 40-55 -
Grade 8B mixed cuttings 50-85 -
Grade 9 heavy cast iron (over size) 40-55 -
Grade 10 light cast iron 40-65 -
Grade 11 cast iron borings 40-65 -
Grade 12 a new production heavy steel scrap  60-95 -
Car engines 75-90 -
     

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