t2e, 31 October 2011

Today The Environment Exchange (t2e) settled its first recovered paper (RP) contracts. The Spot trade, 2 collected loads at £110.00 a tonne, took place on Tuesday 18^th October and was successfully settled on Monday 31^st October 2011. With everything going according to plan the OCC (Old Corrugated Cardboard) load was collected and paid for in less than 9 working days from the initial transaction date.

t2e’s RP marketplace was launched at the Paper Trail in March this year and since then the project has seen a growth in the number of members and the number of bids and offers showing in the market. The message from the marketplace remains the same: it is a smart, simple, and safe place to trade. Price and volume transparency (by city and region) and good customer service are key themes, which have been welcomed by those who have used the marketplace.

Speaking to t2e about his first RP trade on the marketplace, Greg Curtis from Chas Storer Ltd said: “Happy with the service, the timing, and the price and would definitely recommend t2e.”

Andy Hanke, RP market operator added: “I am delighted with the progress we have made so far. We have reached a major milestone for the project. Both Yaya and I look forward to the next trades. The marketplace is suited to all large and small. Although every transaction follows a standard template, each one is resolved on its own merits.

I encourage those who are interested to get in touch for more information or to arrange a meeting. As there is no charge to use the marketplace, the question potential users should be asking is “why not” rather than “why try it”?”

Reflecting the current falling market price, the OCC spot market closed on Friday 28^th October with a price spread of £72 – 94, and with bids totaling 4,400 tonnes.