Recycling Insights is a data science service for the recycling industry.
How do our recycling forecast prices work?
Recycling Insights uses artificial intelligence and machine learning to produce recycling forecast prices.
But how do we do it?
Our development team use algorithms that are capable of handling, and learning from, millions of data points. We take historic pricing data, economic data, market sentiment and all sorts of different data points to produce accurate forecast prices.
As we use artificial intelligence and machine learning, our forecast prices are able to adapt when circumstances change. For example, we know the difference between the data correlations prior to the Covid pandemic and those since it began. As we hopefully start to return to more normal economic activity, the algorithms will continue to learn how that has changed market dynamics.
Currently, we offer forecast prices for OCC, PET, HDPE, LDPE 98/2, and Dry Bright Wire. We currently offer forecast prices 3 weeks in advance, but we plan to offer more grades and longer-term forecasts over time.
Interestingly, as we monitor our forecast prices and the views of people in the market, we see that sometimes the forecast prices are telling a different story to those in the market. For example, people have predicted falling prices, but our forecasts suggested rising prices. Our forecast prices were correct.
Subscribers to Recycling Insights are already benefitting from these forecast prices, helping them to plan when to buy and sell to optimise their revenue.
Why not get ahead of the rest of the recycling market and join them?
Find out more about Recycling Insights at www.recyclinginsights.com