There is a sense of optimism in the recycling market as Summer continues to heat up. Most markets enjoyed a strong July with only nonferrous scrap refusing to join the fun.
Pricing for ferrous metal scrap rose substantially in July. Tags for ferrous categories increased an average of $20 per gross ton with some categories up as much as $30. It was the first time since March that ferrous pricing displayed real growth.
Nonferrous scrap prices did not behave as optimistically as ferrous. Copper scrap ticked slightly downward over the course of the month and most red metal categories settled a few cents below mid-June levels. Aluminum scrap also edged slightly lower with similar losses to that of its nonferrous cousin on a per pound basis.
The recovered paper market witnessed gains, however, with OCC cardboard reaching pricing levels unseen since April 2012 and office paper also ticking upward after a slight period of stagnancy. OCC (old corrugated containers) increased for the second consecutive month and settled $10 higher in the Southeast market. SOP (sorted office paper) jumped $5 per ton.
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.