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Commodities Corner (June 01, 2002)

It appears that the weak market we saw in the middle half of 2001 (and for some materials well into the first quarter of 2002) is behind us. Key market indicator materials all showed increases as we m...


It appears that the weak market we saw in the middle half of 2001 (and for some materials well into the first quarter of 2002) is behind us. Key market indicator materials all showed increases as we moved into the second quarter of 2002.

PET in particular showed the largest jump (up $42/metric tonne over the average of the first quarter of 2002) and may experience additional marginal increases to ensure that exporters don’t take away more material. The aluminum UBC market is expected to remain somewhat “tight” over the next few months while fibre market analysts and buyers anticipate higher prices toward the second half of 2002.

*Source: Current and historical data from The CSR Sheet, a monthly publication that reports a blend of spot prices from municipalities, end-users, and brokers for Ontario’s secondary materials market.

For more information, contact Damian Bassett at 416-594-3456, extension 229 or visit www.csr.org (the CSR Sheet in located under “Publications”).

Spot
Key Secondary Material 2001 2002 Change Market Change
Indicators* 1st QTR 1st QTR 2001 to April from 1st
(Canadian $/metric tonne) Average Average 2002 2002 QTR 2002 Trend
Aluminum (UBC) $1,838 $1,737 – 6% $1,826 5% Up
OCC $59 $55 – 7% $63 15% Up
ONP $78 $77 – 1% $85 10% Up
PET $391 $132 – 66% $174 32% Up

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