Q4 figures released by the National Packaging Waste Database (NPWD) show the UK is on track to meet recycling targets, even in the face of tough challenges to the sector from China.
The figures below show the total amount of PRNs required to meet the UK targets in Q4 and the actual figures achieved. Any surplus produced in December could also be used as carry-over for 2018, illustrated in the final column.
Plastic PRNs had been a concern due to the restrictions placed on exports of plastic to China. Although plastic was expected to reach its target, concerns were that the low PRN price in the last quarter of 2017 would lead to a drop-off in exporting and UK production, leading to a low carry-over for the next year and more pressure on the plastic PRN market at the beginning of 2018. These figures reveal that this has not happened.
An unexpected buffer
With a carry-in tonnage of approximately 10% more than usual, plastic has started 2018 with an unexpected buffer. However prices remain high whilst restrictions on final markets continue.
Of note is also wood, which has also experienced troubles with prices rising to over £15 following the increase of a government target from 22% to 38% for recycling.
If you would like to know more about how this affects your compliance, please get in touch with our team on 0333 4330 370.
Richard Hodges
Key account manager
As key account manager Richard helps our largest clients manage their legal obligations under Packaging, WEEE and Batteries legislation. His background in economics helps our members manage their budgets and strategically procure evidence.
Useful links
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Join our key account manager Laura Powell and procurement specialist Sandeep Attwal in this free webinar to understanding exactly what makes up your compliance costs with a refresher on how your PRN obligation is calculated and an overview of current market trends.
This webinar is CPD accredited.
