Phil Zigby, Chair MOC Committee Fall 2016 Markets Update Phil Zigby, Chair MOC Committee MWA Fall Workshop Oct 26, 2016

A pretty good summer for prices Take the time to breathe Let’s make sure the budget projections are in order

OCC Old Corrugated Cardboard ONPOld Newspaper OCC had solid performances all year. Seasonal price dip expected until Jan 2017 No volatility on the horizon ONP better than expected, best summer since 2011 Is it going to drop? What is working in our favour

PET Polyethylene terephalate Probably the best we are going to see for a while Oil prices expected to remain around current levels Price to produce virgin plastic is very competitive, less demand for recycled PET

HDPE High Density Polyethylene Very weak summer pricing Lowest since 2009 crash Lets put this in perspective

Mixed Plastics Tubs & Lids Crisis averted………? Who is buying? Entropex, Emterra Tubs and lids strength relative to HDPE Will have stable pricing over the winter

Metals Steel & aluminum Steel Cans pricing has been dropping all summer, $100mt since May Slight bump in Nov but back down for winter. Manufacturing demand is down, CDN$ is down Prolonged lowered Steel pricing indicator of slower economy Aluminum pricing fluctuations should be flat until 2017 Reduced consumer consumption

Plastic Film, Other Plastics Not much change in film recycling Polystyrene and Bulky rigids still hit and miss

Glass Fairly stable market all summer How well are some of the glass clean up systems working

Polycoat Variety of markets available, pricing stable Proceed with caution when adding materials to your bale

Questions

Phil Zigby MWA Markets Operations Contracts T: 519-822-1260 x 2056 E: phil.zigby@guelph.ca