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PRN price rises could stimulate market activity

Short-term market activity for all collected materials could be driven by rising Packaging Recovery Note (PRN) prices.Prices for the notes rose as the economic slowdown created a perceived shortage for buyers. Sellers reacted to this by raising prices.However, a combination of the slowdown and processors holding onto material tonnages to roll over into 2009 has created a sellers market irrespective of supply and demand.This increase in PRN values ...