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Novelis reduces can price

A reduction in prices offered for aluminium cans by Novelis is not down to a drop in the quality of material that the company is receiving, it has said.

The companys national manager Andy Doran stressed at the recent South West Recycling Forum that: Currently, around 80% of the material we receive is good quality, but the 20% that isnt is growing and this is perhaps because of collection practices.

If quality continues to be markedly different or poor, we will have to change prices to reflect this. Quality sells.

However, the company has dropped its prices for loose and whole cans and loose and flattened from £810/tonne to £790/tonne and for baled and densified, palletised and strapped from £860/tonne to £840/tonne.

Commenting on the changes, Doran said: This is just a company change, there is nothing substantial in it and it is not a significant change. I am still looking at the quality issue and in the longer term it may affect prices, but this is just purely a commercial market-related change.

Prices had shown virtually constant growth since December 2003, and peaked at £1,000/tonne during 2006 for baled, loose and whole cans. But after dropping twice around July last year, Novelis has published the new prices effective from February 19 2007.

The level paid for foil has also dropped, to £450/tonne.

 

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