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Markets - Weekly Prices Update - 8 January 2016

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

Summary

PRN prices have declined since December when the higher than normal mixed energy recovery value caused both wood and paper PRNs to increase. The wood PRN price fell by £10 per tonne to about £14 per tonne from a high of £25 before the holidays. Paper and mixed energy values declined by about £3 and £2 per tonne respectively. Aluminium also fell by £25 per tonne while plastics and steel both declined by £5 per tonne.

Across secondary non-ferrous metals, copper, nickel and aluminium merchants reported little change in prices. There was reduced trading during December holidays. Most notable are the continuous falls of tungsten grades across nickel and alloy prices. Both pure tungsten and clean tungsten carbide are down £100 per tonne to £4,000 and about £4,250 per tonne respectively. China is the largest consumer of tungsten in the world and its low demand has caused prices to decline since September 2015, when it was about £6,000 per tonne.

After continous falls in the months before the holidays high-value metals rebounded and gold prices became stable during December. On the first week of January all high-value metal prices have picked up further with platinum being the most notable, up £1.21 per gramme to £18.92 per gramme.

Ferrous merchants reported stable prices during December with no expectations of change during January

 

PRN £/tonne change
Paper 2-4 ↓3
Aluminium 35-45 ↓25
Steel 10-20 ↓5
Plastics 60-70 ↓5
Glass aggregate 8-10 -
Glass remelt 8-10 -
Wood 13-15 ↓10
Mixed Energy  1-3 ↓2

 

 

High Value Metals £/gramme change
Platinum  18.92 ↑1.21
Platinum scrap   13.79 ↑0.88
Palladium 11.87 ↑0.37
Fine gold 23.03 ↑0.63
9ct gold 8.38 ↑0.14
Fine silver 0.270 ↑0.005
925 silver 0.250 ↑0.005

 

 

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 1600-1700 -
Clean rod swarf 1500-1680 ↓10
Unsorted brass scrap 1500-1640 ↓10
Mixed brass scrap 1500-1650 -

 

Bronze & gun metals £/tonne change
Commercial GM scrap 1990-2000 -
GM borings 2000-2000 -
Commercial PB scrap 2100-2140 ↓10
Brass and copper radiators 1100-1240 -

 

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

 

Lead  £/tonne change
Collected scrap 700-740 ↓10
Batteries 300-400 -

 

Nickels and alloys  £/tonne change
18/8 stainless steel solids 300-400 -
18/8 stainless steel turnings 100-160 -
18/10/3 stainless steel solids 500-600 -
18/10/3 stainless steel turnings 240-340 -
17% chrome iron 40-60 -
13% chrome iron 20-60 -
Pure nickel solids 3860 ↓40
Pure tungsten 4000 ↓100
Pure molybdenum 11000 -
Pure cobalt 15591 -
Wrought clean monel 2000-2200 -
Monel turnings 900-1000 -
70/30 cupronickel 2000-2200 -
90/10 cupronickel 1600-2000 -
Clean tungsten carbide 4200-4300 ↓100
18/4/1 high-speed solids 100-160 -
18/4/1 high-speed turnings 40-80 -
6/5/2 high-speed solids 100-140 -
6/5/2 high-speed turnings 20-60 -

 

Copper £/tonne change
Dry Bright Wire 2490-2590 ↓10
Greasy Bright Wire 2400-2500 -
Clean flat bus bar 2500-2560 -
No1 Burnt wire 2400-2570 -
No 2 burnt wire 2200-2400 -
Cylinders 2320-2500 ↓10
Clean and Painted 2300-2500 -
New copper tube 2500-2580 -
Heavy copper 2280-2370 ↓10
Braziery copper 1700-2000 -
Clean pyro cable 1200-1360 ↓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 570-660 -
Old rolled 350-420 -
Irony aluminium  90-180 -
Turnings 200-380 ↓10
Loose litho 500-680 -
Clean aluminium wheels 600-700 -
 alu/copper radiators 890-930 -
Extrusion: clean 600-750 -
Extrusion: painted 500-690 -

 

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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