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Tag Archives: markets

Country lockdowns bring ‘unprecedented implications’

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Container ship unloading at port.

Regulatory changes, and an overall sense of uncertainty, are playing into difficulty moving scrap materials abroad. | 28 November Studio/Shutterstock

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.

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Plastics collection cuts prompt supply concerns

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In communities around the country, recycling programs are limiting the materials they collect, altering service hours or shutting down altogether. | Oksana Shturo/Shutterstock

Recycling programs nationwide have curtailed service due to the coronavirus pandemic, potentially hampering the supply of scrap plastics moving to reclaimers in the weeks to come.

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The details on three disruptive developments in virgin market

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Exterior of the OPEC building in Austria.

An ongoing battle between OPEC and Russia is flooding the market with cheap barrels of oil, threatening downward pressure on virgin plastics prices. | Rebekah Zemansky/Shutterstock

Construction has been delayed on two large U.S. prime plastics plants – one because of high costs and the other due to coronavirus. At the same time, an oil price war put downward pressure on virgin plastic prices.

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Plastics recycling sector reacts to coronavirus pandemic

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Artist's rendering of coronavirus cells.

North American plastics recycling companies are working to prevent the spread of coronavirus within their operations. | joshimerbin/Shutterstock

The global escalation of COVID-19 is leading reclaimers to enact new safety regulations, while on a wider scale it impacts some collection programs, reduces Asian scrap plastics demand, constrains global shipping, dents stock prices and threatens an economic recession.

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