Friday, December 11, 2009

Chamber of Trash: Waste on the Open Market

Trash is now being traded throughout the day in different markets. The most active trading occurs in New York, London, Zurich, Tokyo, Sydney and Hong Kong.

Changes (+/-) in the trash prices are based upon the most recent close in the "Open Outcry Trading" of the New York Spot Market which trades from 5:20 a.m. to 10:30 a.m. PST (8:20 a.m. to 1:30 p.m. EST) If you are looking at prices up to 10:30 a.m. PST, the price change will be measured against the prior day's close. If you are looking at prices after 10:30 a.m., the price change is measured against the New York spot price for that morning. For example, if the price of trash at 9:30 a.m. PST is $650, +$5, the $5 gain is measured against the prior day's close in the New York Spot Market. If the price of trash at 11:30 a.m. PST is $675, + $15, the $15 gain is measured against the closing spot price as of 10:30 a.m. that morning.

Prices are indications only. Spot prices may vary among different websites and sources. E-mail Nicholas DeCaro for the most current spot prices.


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