Market Development & Commodity Sales Flashcards
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Read the first 6 Market Development & Commodity Sales flashcards as text
What document specifies the quality standards and contamination limits a recyclable commodity must meet before a broker or end-market will purchase it?
Answer: Material specification sheet
A material specification sheet (or end-market spec) outlines the grade, moisture content, and contaminant tolerances a commodity must meet for purchase.
Which market factor most directly affects the price a MRF receives for sorted aluminum cans?
Answer: London Metal Exchange (LME) spot price
Aluminum scrap prices are closely tied to the London Metal Exchange spot price, which sets the global benchmark for aluminum trading.
A recycling coordinator wants to develop a local end-market for food-grade recycled PET. Which certification is most important for a plastics reclamer to hold?
Answer: FDA Letter of Non-Objection (LNO)
An FDA Letter of Non-Objection confirms that a recycled PET process meets food-contact safety standards, enabling food-grade packaging use.
What is 'contamination risk' in the context of recyclable commodity marketing?
Answer: The possibility that non-recyclable materials in a load reduce its market value or cause rejection
Contamination risk refers to the financial and market risk that prohibited materials mixed into a load will lower its grade, trigger deductions, or result in outright rejection.
Which type of contract gives a MRF the most price stability for its outbound commodity stream?
Answer: Long-term fixed-price offtake agreement
A long-term fixed-price offtake agreement locks in a guaranteed price for a set period, shielding the MRF from commodity price swings.
What does 'post-consumer recycled content' (PCR) mean in a product marketing context?
Answer: Material that has been used by consumers and diverted from landfill before being reprocessed into new products
Post-consumer recycled content specifically refers to material that passed through end-consumer use and was diverted from the waste stream, distinguishing it from pre-consumer or industrial scrap.