Steve Wong

Steve Wong

European plastics recycling experts lay out key concerns

Sluggish Chinese demand expected to continue

Following the price hikes in March and April, the market in China for recovered plastic material has declined since the second half of May both in pricing and demand. Apart from seasonal factors and an uncertain economic outlook, the sluggish demand is attributed to a global oil glut and a contracting Chinese economy. During the period, import into China has...

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