Following on from the previous blog post highlighting a unique solution for dealing with micro plastic contamination from washing clothes and given that most producers in the UK are governed by certain producer responsibility regimes, may I suggest a solution.
"Synthetic materials are poisoning our environment. When we think about this problem, images of plastic bottles and plastic bags come to mind, but synthetic textiles are a big part of the problem, too. With each wash, countless plastic fibres from synthetic garments are making their way from washing machines into rivers and oceans. The tiny fibres are extremely small and almost invisible."
This week we saw the release of the monthly figures covering the last month of 2017. While we can only estimate off these figures they do provide some indication of a positive return for the problematic 2017 materials. As outlined in the table below Aggregate glass continue its struggle being saved only by the surplus created in Remelt. It should however be noted that it has had to use some of the 2017 carry in to see it over the line.
In the last six months we have seen industry news dominated by the potential problems which may arise due to the banning of some recovered material imports into mainland China. For all the concerns voiced it is important to note that one of the main gauges of reprocessing activity has shown little downturn in volume. The volume of tonnage generated in Plastic via the packaging recovery note system this year has seen little effect on reducing supply.
This week the we have seen the release of the latest quarterly supply figures for the period July – September 2017 which provide the market with the last information before the year end. These figures not only provide evidence of the previous quarters activity but also give an indication as to how the year will end.
The Scottish government has recently announced that it aiming to create a deposit return for drinks containers which will include Glass, Plastic and Metal. While this move is being applauded by most in the environmental sector dissenting voices can be heard from those with previous experience most notably AG Barr Ltd who for over 140 years ran such a system.
The most recent set of monthly supply figures show that the market is on track to meet the plastic obligation this year resulting in many buyers questioning the validity of current PRN prices. In the face of the positive supply news from Q2 and with the latest set of monthly figures showing a market in balance many had expected to see some downturn in value.
The most recent set of recycling figures for this year (Q2) raise few concerns about this year’s supply. Contrary to the opinion of many sellers in the market the Plastic evidence note supply has come in on target. This contradicts the early market press reporting regarding export problems which have resulted in Plastic prices increasing considerably this year.
With all agency published data to hand showing that Plastic supply in reasonable good health it has been concerning to see Plastic evidence note values increasing considerably in the last few months. At this stage of the year the market is currently showing a surplus supply of around 5%.
The recently released set of figures outlining the potential demand for this year indicated levels similar to last year. While this would appear to indicate no growth in demand once new targets are applied it should be noted that there are still some 400 producers yet to register.
The introduction of monthly reports by the Environment Agency has provided the market with early indicators of supply and has helped to alleviate early upward price pressure across most materials.
Figures indicate recycling volumes grew confidently in 2016
The recently released recycling figures from 2016 have confirmed what many had anticipated given the stable PRN pricing in 2016, that recycling volumes across all materials grew steadily.
DEFRA has recently released the latest consultation on Packaging Waste Recovery targets to run from 2018 – 2020. This is a process which takes place at the end of every agreed target period with the current targets being in place until the end of 2017. Targets for future years are communicated in the spring budget statement so this is a means of doing the background work before targets are agreed.
It has been a relatively straight forward year with reported volumes at good levels across all materials. The latest supply figures show that barring a complete collapse of Glass supply, targets should be met with relative ease and we should head into 2017 with a considerable amount of carry in tonnage. After the pressures seen in last year’s market this has provided some relief. It should be pointed out that but for the undersupply positions towards the end of 2015 and its effect on Q4 2015 pricing things could have been very different.
Innovation in the PRN marketplace
Circularety was launched yesterday (27th September 2016) at the end of an excellent media campaign to increase awareness of a new product. The PRN system hasn't changed much in nearly 20 years.
We are pleased to welcome Ian Andrews as our new Member Executive for the Scotpak packaging compliance scheme.
Nature trusts and charities benefit from donations made by companies that breach packaging regulations.