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February 2014 Market Updates

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February Markets showing some signs of life

Paper

Finally, after many months of little or no improvement in the recovered paper markets, things are starting to look up. Coated Book (CS) jumped an unexpected $15 per ton in February. While this increase was a surprise, it was a welcomed site. Sorted Office Paper (SOP) also went up by $10 per ton.  Other de-inking and pulp grades haven’t moved yet, however, there are signs the market will move upward.

The one grade that continues to disappoint is corrugated (OCC). Demand is growing stronger and the supply is still weak due to the rough winter. This should be adding enough pressure to the already strained supply to cause prices to jump. Although we haven’t seen any increase yet, don’t be surprised if March’ prices are up.

Let’s keep our fingers crossed for an upward trend.

Metals

Non- ferrous markets continue to be flat. With only short term, weather related spikes; it’s hard to get excited about anything metals related. Slow growth in the Asian markets continues to be a drag on prices. Domestic markets have pushed prices up slightly due to weather related lack of supply.  Overall it looks like we’ll be relatively flat for the next couple of months.

 

Plastics

Plastics continues to be flat. Lack of export containers and tighter export restrictions combined with lower crude oil prices has kept the pricing fairly flat. As the Chinese New Year comes to a close and weather improves, movement will improve hopefully driving the market upward.  We will have to wait and see.


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