Plastic exports decline less in June
By Editorial Staff, Resource Recycling
The sharp downturn of plastics exports became a bit less steep in June of this year, though year-to-date figures are all still down for the first half of 2013, with China's slowing economy and continued issues connected to Operation Green Fence the likely culprits.
At 329.06 million pounds, the volume of plastic scrap exported in June 2013 dipped 1.6 percent from its May 2013 level, when two straight double-digit declines in monthly volumes stopped. When matched against June 2012 levels, the volume of exports was down, as well, by 4.3 percent.
The weighted price of recovered plastic exports in June, at 20.24 cents per pound, was down 4.4 percent from its May 2013 standing. When compared to its year-over-year (YOY) level, the price was flat, up slightly by 0.4 percent.
Through the first half of 2013, at 2.04 billion pounds, the volume of recovered plastics exported was down 6.8 percent from its 2012 year-to-date (YTD) figure. And, at 20.37 cents per pound, the average price through June 2013 was down 4.9 percent from its standing for the first half of 2012.