While the overall economy continues to show some encouraging signs this summer, the recycling market enjoyed a stable August with most categories holding near their July price levels. Though ferrous scrap witnessed slight weakening, nonferrous scrap and paper enjoyed a more fruitful month.
Ferrous scrap tags were largely unchanged from July. Notably, HMS and busheling grades held steady though shredded auto scrap lost some ground with tags in some Midwest regions down an average of $5 per gross ton.
Prime copper scrap tags jumped $0.10-$0.20 per pound from mid-July due to a continued scarcity of material. Secondary grades enjoyed much more modest gains.
Aluminum scrap prices were largely unchanged month-on-month or saw minimal upward movement ($0.01-$0.02/lb gains).
Prices for both OCC cardboard (old corrugated containers) and SOP (sorted office paper) held steady in the Southeast. OCC pricing was actually up $5 per ton in most other regions, however, and pricing for SOP was up around $10 in the Northeast.
Disclaimer – Prices and market related information shown has been obtained by many sources across many commodity markets. InStream has not verified the information beyond our sources. Information is based on assumptions and projections based on current market drivers. This information is provided as a service and InStream is not recommending action based on the market information provided and is not responsible for the direction of markets and/or results based on the data provided.