Attached is your PO for deliveries of recyclables during June 2022.
The value of recyclables is down this month with fiber prices flat, plastics pricings down slightly, and metals pricing down significantly.
Recyclable paper is flat this month. Despite one domestic mill being full of inventory and its production being slow, other mills are running strong, creating a balance between inbound supply and outbound demand. Diesel price is up which led to most domestic trucking rates rising. There remains a shortage of drivers and equipment for domestic loads and for loads going to the port. Export bookings, while somewhat more stable this month, still move around without notice and make exporting material a challenge.
Recycled plastics price decreased some this month. The overall demand is good. But, plastic recyclers have higher levels of inventory and are not willing to continue paying last month’s prices. Barring some outside forces affecting the market, we expect plastics pricing to remain fairly stable over the next several months.
Metal prices again saw a large price drop this month. Some large UBC consumers are full of material this month and already shut off buying more material in next month. With the summer trend of consumers drinking more from aluminum cans, the inbound supply may exceed the demand. As such, we expect the UBC market to continue to soften and for prices to fall over the next few months.
On a positive note, Shanghai and much of China reopening from COVID-19 lockdowns. This increased export paper demand. For the first time in a while, export paper prices rose a small amount this month. The strong export paper demand is the single factor which kept the overall recyclable values from dropping more this month.
During these challenging times, we will always strive to obtain the best pricing available and to provide you the best possible service. It is our pleasure to work with you to recycle material and to protect our environment. We appreciate you and thank you for your business.