Recycling back from the brink as prices stabilise

packagingnews.co.uk: "Prices for recovered packaging materials are showing signs of stabilising following a crash, although the jury is still out on how long it will take for the market to fully recover."

"The Far East is our biggest market for recycled materials, and any change has a dramatic impact on the UK," said Ian Wakelin, chief executive of recycling firm Greenstar.

However, Greenstar's Wakelin was more confident of the market picking up again within three months, saying there were the first signs of a "bottoming out and recovery". "Prices and demand for all recovered materials have gone up, although plastics remains a challenge," he said.