Packaging recycling figures for the third quarter of 2014 show further improvement with compliance schemes predicting a cooling of PRN prices across the board.
The provisional figures for July to September 2014, available on the National Waste Packaging Database, show a surplus in glass remelt, plastics and steel. However, there was a drop in the amount of glass aggregate packaging accepted or exported. The drop is unlikely to concern the packaging sector, which can use the surplus glass remelt to fulfil the aggregate demand.
It follows an encouraging second quarter for 2014 which alleviated concerns over a shortfall in steel recycling, while the government’s decision to lower the glass recycling target has helped to reduce glass PRN prices significantly.