Statistics released on Thursday 12 March show that the packaging obligations for 2014 have all been met, according to the National Packaging Waste Database.
Quarter 4 recycling figures show a large carry over in glass and plastic PRNs into 2015. Carry over can occur when tonnage is purchased in December; it can be used for meeting the obligation of the current year or alternatively put towards 2015 obligations.
Approximately 69,000 tonnes of glass and 65,000 tonnes of plastic were carried over into 2015. This is in contrast to around 13,000 tonnes of glass being carried over at the end of 2013 - the year which saw glass remelt prices rise to an estimated £80 per tonne.
In contrast, a far smaller amount of steel was carried over to 2015, nearly 24,000 tonnes, although the quarterly obligation of 87,500 tonnes was met comfortably. The size in this tonnage means it is unlikely there will be a reduction in the price of steel PRNs.
This is significant for producers, as it could mean falling PRN prices.
James Piper, Commercial Director at ecosurety, commented “It is great news for producers that the 2014 obligations have been met and created a healthy carry in position for 2015. This should lead to an immediate decrease in price across the more volatile materials, particularly welcome for producers with high plastic obligations.”
If you have any queries about this story do not hesitate to contact one of the team on 0845 094 2228 or email email@example.com.
Source: Lets Recycle
More than £880,000 from the £1Million total has been donated to environmental charities for breaches in the Packaging Regulations, according the latest figures released by the Environment Agency.Read More >>
Price volatility continues to be caused by changes in Chinese recycling policy, which is heavily suppressing the amount of export PRNs that are generated by recycling activities in China.Read More >>
Following the release of the quarter 2 recycling figures for 2015 there has been growing concern regarding the position of aluminium, as the figures indicate the UK is not on track to meet its statutory target for the recycling of aluminium packaging in 2015.Read More >>