NERC: MRF Bale Values Increased in First Quarter
Resource Recycling
Average commodity prices rose steadily in the first quarter of the year, buoyed by national and regional trends, according to the latest report from the Northeast Recycling Council.
Between January and March 2024, the average commodity price year over year increased by 19% with residuals and 17% without, NERC reported.
The report includes information from ten states: Delaware, Maine, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Vermont and Virginia. For this report, 13 MRFs responded, with 69% single-stream and 31% dual-stream/source-separated.
For the first quarter of 2024, the blended value of a ton, not counting the negative impact of residuals, was $111.72, up 17% from the final quarter of the previous year. Including the loss from residuals, the value was $103.15 in the first quarter, up 19% from the previous quarter.
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