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Scrap Exports Continue 2015 Doldrums

Wednesday, August 26, 2015   (0 Comments)
Posted by: Anne Piacentino
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Source: Resource Recycling

August 25, 2015

Exports of scrap materials continued an overall decline year-over-year, with plastics the sole scrap material that has seen increases for the first half of 2015.

June, the most recent month for which figures are available, saw a month-to-month decrease of 8.8 percent in scrap plastics from May 2015 export levels, with 451.55 million pounds of scrap plastics exported in June 2015. When matched against June 2014 levels, however, the volume of plastic scrap exports was up by 11.4 percent.

The weighted price of recovered plastic exports was flat in June, at 17.97 cents per pound, down 2.2 percent from its May 2015 standing. When compared with its year-over-year (YOY) level, the price was down by 7.1 percent.

Through the first six months of 2015, the volume of recovered plastics exported, at 2.39 billion pounds, was up 2.8 percent from its 2014 year-to-date (YTD) figure. At 18.40 cents per pound, the average price through June was down, however, by 5 percent from its 2014 YTD standing.

As for other exported materials, recovered paper exports were flat through the first half of 2015, with 9.92 million metric tons exported, a 2.5 percent increase from June 2014 levels. At $157 per metric ton, the weighted average price of exported recovered paper in June was down YOY, by 2.8 percent.

The 6.90 million metric tons of ferrous scrap exported through June 2015 amounted to a 9.1 percent YOY decrease. At $444 per metric ton, the weighted average price of exported ferrous scrap was down steeply by 16.8 percent from June 2014 levels.

Lastly, the 1.65 billion pounds of aluminum scrap exported through the first half of 2015 equated to a 8.6 percent decrease from the first six months of 2014. At 75 cents per pound, the average price of exported aluminum scrap through June 2015 was down by 2.5 percent YOY.

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