EnMass Energy Commodity Market Update
The market continues to ebb and flow and no more do we see that than in plastics and fertilizers. The price of scrap plastic surpassed that of virgin plastic for the first time this year. Supply chain issues on virgin input material costs are to blame and fertilizer prices increased, putting a strain on use of poultry litter for waste to energy projects.
Otherwise, the market was mostly steady for scrap metals, used rubbers, and woody biomass. Read further to see the breakdown within each market.
Deep dive by commodity type
Scrap Metal
The three types of scrap metal stayed mostly in step with one another over the course of 2021. The biggest jump MoM was in June with a 10% increase, and the biggest drop MoM was in February with a decline of 7%.
Scrap Plastic
Most scrap plastics type followed a similar pattern in 2021, except for LDPE and LDPE-injectables which had a big spike in March then continued to rise until late Q3.
Fertilizer
Fertilizer prices increased consistently throughout 2021. Costs for natural gas to produce it and supply shortage are mostly to blame. Prices are expected to continue to rise until world energy market prices even out.
Woody Biomass
With a rise in prices in Q1, the commodity market for woody biomass generally stayed constant for the remainder of the year.
Scrap Tires
The aggregated commodity market for different types of used tires saw little change throughout the course of 2021.
As a tech-enabled brokerage of waste commodities used in renewable energy and advanced recycling projects, EnMass provides sourcing and supply chain services within fast-growing Waste-to-Energy (WtE) industry.
EnMass Energy uses standard tools and approaches from commodities trading to assign values to waste streams that create value at energy projects. Additionally, we connect every link in the Waste-to-Energy project process through our supply chain management platform that optimizes collection, transportation, delivery schedules and financing of WtE projects. Learn more about us.
