Following months of uncertainty in the industry and national media stories suggesting vast volumes of stockpiled recyclate following a market collapse, WRAP director of market development Marcus Gover told MRW materials were still getting to market and it was stabilising.
“We’re not really seeing any evidence of storage and the ESA and a number of waste management companies have put out press statements saying they are not storing materials and they are still selling materials,” he said.
“We think materials are still getting through but that’s not to overlook the situation – it is big drops in prices – so it is difficult times.”
Mr Gover added that the current situation reflected a change in the global economy and global commodities market rather than a failure of the recycling sector.
“Recyclates are really just commodities and the global economy has driven a fall in demand in prices for raw materials generally. So this is not really about recycling, although recyclers and reprocessors have to deal with it,” he said.
UK householders, local authorities and reprocessors should be congratulated for coping so well with the situation, he added.