Scrap exports down through October

Scrap exports down through October

By Editorial Staff, Resource Recycling

The story of declining scrap exports in 2013 continued apace with dropping volumes seen across all types of scrap materials sent across U.S. borders through October.

The continued month-to-month rebound of recovered plastic exports was evident, however, showing a 15.6 percent increase from September 2013 levels, with 395.58 million pounds exported in October 2013. Though, when matched against October 2012 levels, the volume of plastics scrap exports was still down by 1.4 percent.

The weighted price of recovered plastic exports in October, at 21.84 cents per pound, was up as well, by 10.9 percent from its September 2013 standing. When compared with its year-over-year (YOY) level, the price was also up, by 7.5 percent.

The story of YOY for volumes of exported recovered plastic for 2013 was still one of strong declines. Through the first 10 months of 2013, at 3.46 billion pounds, the volume of recovered plastics exported was down 6.3 percent from its 2012 year-to-date (YTD) figure. And, at 20.53 cents per pound, the average price through the first 10 months of 2013 was down 3.6 percent from its standing through October 2012.

As for other exported materials, recovered paper exports through October 2013 were 15.67 million metric tons, a 5.1 percent decrease for the first 10 months of 2012. At $166 per metric ton, the weighted average price of exported recovered paper in October was also down 1.8 percent when compared with its year-long mark through October 2012.

Regarding ferrous scrap, the 15.68 million metric tons exported through October 2013 amounted to a 14.8 percent YOY decrease. At $410 per metric ton, the weighted average price of exported ferrous scrap was down by 7.9 percent.

Lastly, the 3.42 billion pounds of aluminum scrap exported through October 2013 equated to a 10.7 percent decrease from the first 10 months of 2012. At 80 cents per pound, however, the average price of exported aluminum scrap through October 2013 was up 2.8 percent YOY.

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