31 OCTOBER 2011Recycling International
BIR world mirror on non-ferrous metals October 2011
Edited by : AL CIRCLE
2 min read
The following article is based on the latest Non-Ferrous World Mirror produced by the BIR world recycling body.
An acute sense of caution is pervading the non-ferrous metal markets in response to the unresolved sovereign debt crisis in the EU, sluggish growth in the USA and further monetary tightening in China.
In Europe, the focus of world attention at present as ministers grapple with the seemingly intractable debt crisis, scrap arisings have dropped sharply in response to steep declines in raw material prices.In secondary aluminium, the market seems to be bottoming.
In the individual markets, scrap traders in Germany have been complaining of sluggish business and weak prices.
In France,nearly all the aluminium qualities are proving easy to sell at reasonably good discounts, it is noted.
In Middle East,where political and social unrest have already taken their toll,volumes of scrap sourced in September and October were almost 40% lower than they had been in the same period last year, and processors in the region are sitting on large stocks of unsold metal as they wait for better prices. Meanwhile, most buyers and sellers of non-ferrous scrap in India have reportedly declined ‘all forms of extravagance and risk’.
Dealers in Australasia have experienced a market slow-down in recent weeks but a slight increase in demand for scrap metals in traditional offshore markets. Copper flows have slowed in the USA due to the sudden drop in pricing while secondary aluminium values have not declined as much as expected owing to good demand.
An acute sense of caution is pervading the non-ferrous metal markets in response to the unresolved sovereign debt crisis in the EU, sluggish growth in the USA and further monetary tightening in China.
In Europe, the focus of world attention at present as ministers grapple with the seemingly intractable debt crisis, scrap arisings have dropped sharply in response to steep declines in raw material prices.In secondary aluminium, the market seems to be bottoming.
In the individual markets, scrap traders in Germany have been complaining of sluggish business and weak prices.
In France,nearly all the aluminium qualities are proving easy to sell at reasonably good discounts, it is noted.
In Middle East,where political and social unrest have already taken their toll,volumes of scrap sourced in September and October were almost 40% lower than they had been in the same period last year, and processors in the region are sitting on large stocks of unsold metal as they wait for better prices. Meanwhile, most buyers and sellers of non-ferrous scrap in India have reportedly declined ‘all forms of extravagance and risk’.
Dealers in Australasia have experienced a market slow-down in recent weeks but a slight increase in demand for scrap metals in traditional offshore markets. Copper flows have slowed in the USA due to the sudden drop in pricing while secondary aluminium values have not declined as much as expected owing to good demand.
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