If you're like most AOR members, you're feeling a little anxiety about the uncertainty of our recycling markets. China is experiencing our recycling as both a source of feedstock for manufacturing and pollution.
Resource Recycling reported last month that China will be banning imports of recovered mixed paper, as well as recycled PET, PE, PVC, and PS, textiles and vanadium slag - woudl be baneed from import into the country later this year.
Cascades, a Canadian based-multinational company specializing in tissue products with a big emphasis on using recycled materials, opened a tissue conversion plant in Scappoose, adding 80 jobs in rural Columbia County earlier this month.
The markets underwent considerable upheaval in April. After months of gains on cardboard and mixed papers, the markets came to a crashing halt.
This month there were continued improvements in cardboard, mixed paper, homogenous plastic grades, and ferrous metals.
Definitely, a good month across many of the commodity grades, and the improvements continue the trend of rising values for comingle materials.
Of course, there are some discussions that markets are slowing/peaking, especially on the OCC and mixed paper grades.
Commodities have slid backwards for October 2016. OCC, Mixed Paper, Plastics, and Ferrous Metals all softened and will have a negative impact on the value of commingled material.
This month we saw continued improvements in the recovered paper grades as demand again outpaced supply.
Cardboard led the way domestically, and on the export market. Mixed and office papers followed cardboard’s lead.
Scrap commodity prices took a nice step forward this month. Almost every grade moved up, especially mixed paper.
There is some speculation in the scrap industry that the coming holidays (Memorial and Fourth of July) are increasing demand, and the harsh weather in Texas and Oklahoma has limited domestic supply.
Not much happening in OCC markets, but we saw some improvements in other recyclable commodities and comingle prices this month.
Main factors include a softening dollar, increased demand for sorted mixed papers in the export markets, and some improvements in plastic grades.
Not sure if it will last, but good to see some improvement. We can use the help these days.