Market Snapshot: January 2014

11th January 2017

WRAP's Market Snapshot provides an overview of recent developments in recovered material markets and is updated on a regular basis.

Key points:
Glass compliance data continues to suggest that the UK may not meet its 2013 packaging target with glass PRN prices rising up to £85 per tonne
Textile prices have declined slightly since November 2013. Merchants are concerned that weak demand in West African export markets means that current prices are still too high
The UK recovered paper market has been relatively stable. Although China’s demand for recovered paper has declined slightly versus year earlier levels, the UK has maintained its market share

Paper

Recovered paper and board prices have been broadly stable between November 2013 and January 2014. Over the past year OCC prices rose 18% to £80 per tonne while mixed paper and board prices increased by 14% to around £65 per tonne. News and PAM prices are broadly unchanged versus year earlier levels. Virgin pulp prices are broadly unchanged since November 2013 but are up almost 10% over the past twelve months.

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Plastics

Recovered plastic bottle prices fell by around 5%-10% between November and January. Meanwhile, virgin polymer prices also fell during this period, by up to 5%.

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Glass

Recovered glass container prices are broadly stable between November 2013 and January 2014. Packaging compliance data for 2013Q3 shows that 417kt of glass packaging was recycled, up 19% compared with 2012Q3 and up 3% from 2013Q2. Accounting for carry over the glass sector needs to recycle around 450kt during 2013Q4 in order to meet the full-year 2013 target for glass packaging. To put this in context glass recycling averaged 355kt during the first nine months of 2012 before rising to 561kt in 2012Q4.

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Textiles

Recovered textile prices have declined slightly since November with textiles sourced from banks valued at around £350 per tonne while charity shop textiles (the value that a charity receives for charity shop clothing sold to merchants that collect the garments from the shop) valued at £450 per tonne.

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Aluminium and steel

Recovered aluminium can prices fell by 6% since November 2013 to £745 per tonne - primary aluminium prices fell 14% over the past year. Primary steel prices have risen by 50% since November 2013 due to tightness in the US steel market and lower global output. Steel and mixed can prices have yet to see any impact from higher primary steel prices with can prices stable at around £130-£140 per tonne.

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Where next?

Want to know more about recovered materials markets? Take a look at our reports, guides, tools and case studies for further information:

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