July 2018 - Victor Horton
Paper prices remain steady from last month.
Newspaper started January 2018 at $65/ton, but from May to July we are at $30/ton.
Cardboard was paying $105/ton in January, but June and July pricing is $75/ton.
Some of our New England buyers had bought little in June with an occasional load only. They did start taking mixed paper again in late June and we had been shipping all the occ we wanted but late in the month their scheduling changed.
Very few mills accept tonnage on live floor trainers as they are trying to streamline the unloading process.
Appointments got a little tricky with no date changes allowed. Since this time we are seeing a little more flexibility. They are not buying mixed paper for the domestic mill but a few loads are being set aside for export. Pricing is zero delivered to Mass so with the freight it can cost up to $40/ton to move the material.
Some of the Canadian buyers are looking at offering a delivered price to help combat the trucking issues they are having. Setting up carriers to perform the work had been challenging.
At least one mill offers the Buffalo pricing which is less than the New England price
They are adding $25/ton for freight, but it really needs to be $55/ton. Trucking is too expensive to make this worth the effort. The mill requires a trailer to be dropped for up to three days and not a lot of trucks are interested in that.
Mixed paper was moving at $55/ton in January. July pricing is $15-20 delivered with the exception of Salem which is $0 delivered. The mills in Canada are not taking any. A Vermont mill took a few trial loads, but they don’t like carrier board or soda and
Sorted Office Paper is at $215/ton. We started the year at $175 in January 2018.
Steel Can pricing has not changed from last month but a rumored price decrease might be in the near future. We have been paying about $166/ton delivered in the central Maine region. The price delivered to PA is $243/ton but there freight can be $1,500 - $1,700 depending on stops and where they are.
Light Iron delivered to Bangor is about $125/ton and it has been there since March 16, 2018. There was talk of a slight decrease but not so far. Price remains at $125/ton.
September 2017Newspaper pricing went from $75 in June to $85 in July. Staying at $85 for August and then going down $7 to be $80 in September.
Material had a pretty decent demand even though it dropped a bit.
Export is way off though.
Cardboard pricing started out at $155/ton with an increase to $170 in July and same for August. September saw a $5 decrease to $165. Demand is so so with several mills reporting healthy inventories and not much space for additional tonnage.
Export is down some also.
Mixed Paper following the same path starting out at $55/ton in July and going up in July with no increase in August but a decrease in September to $60/ton. Export is pretty tight and several local mills are quite full.
Sorted Office Paper remains pretty steady with a price of $180 for September.
Steel cans were over $200/ton with freights of $1,200 to $1,800 per load.
Light Iron had been steady paying around $95/ton for several months but in August it jumped to $105/ton and then $115/ton in September delivered to Bangor.
PET pricing is fairly low .02 - .06 ($40-$120/ton) range while bottle bill material picked up in Maine is running about .12/lb, ($240/ton).
Aluminum beverage cans are paying around .70/lb with cat food closer to .33/lb delivered to NY. This has been a pretty steady price for the past several months.
HDPE Natural and Colored are paying $600 and $300 respectively. Material is moving steadily.
LDPE film grade is paying about .05-.07/lb and boat wrap is hard to move with prices .04 delivered to MA.
Rigid plastics: Demand is way off with various offers available from Zero picked up to about $10/ton and export was Zero delivered to the port.
Exports to China are scarce to nonexistent for several grades of plastics.
Plastics #3-7: This grade is not moving very well. It could take several years to rebound. Several of our sources recommend discontinuing baling of it.
One buyer is recommending that the Tubs and Lids specification be put into place and they could take bales at about $150/ton.
Much of the material that we are offered has large quantities of #1 in it and towns are unable to sort it out due to space issues.
Single stream spot tonnage in southern Maine costs about $10/ton before freight to recycle. Most other buyers are charging $55-70/ton to accept single stream although we hear about a few pockets around Maine where towns get a slightly better deal.
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