Market Snapshot: October 2017

18th October 2017

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

Key points:
Mixed HDPE prices have risen by 12% on the quarter and over 50% higher over the past year
Mixed cullet prices fell by £3 per tonne during Q3-2017 to £10 per tonne
Steel can prices continued to see strong gains in the third quarter of 2017, rising to £120 per tonne

The markets for recovered paper and plastic have been particularly volatile during the second half of 2017 due to uncertainty over the details and the impact of China’s announced intention to restrict the import of certain recovered materials from the end of 2017. At the time of this report there is still some doubt as to what exactly will be allowed to be imported into China from the start of 2018. The main markets affected by the uncertainty have been OCC, mixed paper and board, LDPE film and mixed rigid plastics. Exports of recovered paper and plastic are thought to be being diverted to other destinations for recycling, including Europe, Thailand, Vietnam and Indonesia.