Federal trade statistics released last week show U.S. export volumes for the first six months of 2019. Recycled plastics have seen a major drop when compared with figures from a year ago.
Federal trade statistics released last week show U.S. export volumes for the first six months of 2019. Recycled plastics have seen a major drop when compared with figures from a year ago.
Citing China’s upcoming legislation that will ban all “solid waste” imports, APM-Maersk this month announced it will stop shipping virtually all recovered materials to China and Hong Kong in the coming weeks.
This article has been updated.
Shipping company Hapag-Lloyd announced it will stop taking recycled material loads to China this year, citing the country’s recent law that referenced an all-out “solid waste” import ban in the near future.
A major shipping line will no longer accept recovered plastic and other scrap material shipments bound for Hong Kong, which remains a large market for U.S. exports.
U.S. shipments of recycled plastic out of the country were down during the first quarter of 2020 compared with previous years, according to new export data.
Scrap plastic exporters should closely monitor policy changes in the countries they sell to as the global community prepares to enact more aggressive shipment requirements, according to the top staff member for the Basel Convention.
Overseas markets for recovered plastic, including Malaysia and India, are experiencing disruption as governments enact widespread restrictions and close ports in response to the coronavirus pandemic.
A large market for U.S. scrap plastic is planning measures to reduce PET imports and increase domestic recycling.
Scrap plastic exports from the U.S. continued a steady decrease that has unfolded over the past few years, dropping in 2019 to their lowest total volume since 2002.