Following on from our previous blog, ‘Fall in Export Prices for Recycling‘, where it was explained that some recyclable materials have decreased in price within the export market. This has caused a knock on effect to packaging recovery notes, which are a key part of the Producer Responsibility Obligations (Packaging Waste) Regulations.
Whilst most material types have seen relatively small or no change in value, plastic PERNs have risen by 15 – 20 points during the past 6 weeks.
The carry-in from 2016 was significant and the quarter 1 figures have us on track to hit the 1 million target for this year (estimated figure), however, March volumes were down and April looks the same, so perhaps a gloomy outlook for the rest of the year and possibly into the next for plastic.
Aluminium PERNs remain solid, although exports are down and UK reprocessor was offline for part of quarter 1. The price should remain stable, however, if no other factors develop, steel remains relatively low in value as quarter 1 figures were strong, and all other streams are stable.
ToddPAK Packaging Compliance Scheme
If you want to have a chat about the PERNs and the quarter 1 figures, or if you’re unsure as to whether your business has a packaging obligation and needs to follow the Producer Responsibility Obligations (Packaging Waste) Regulations, please contact us. Alternatively, you are more than welcome to pop in to see us for a chat.