Canada’s largest city conducted a pilot project last year to find a consistent outlet for densified foam polystyrene. The effort reached a clear conclusion, but it wasn’t good news.
Canada’s largest city conducted a pilot project last year to find a consistent outlet for densified foam polystyrene. The effort reached a clear conclusion, but it wasn’t good news.
A Thai policy restricting the import of scrap plastics has proved effective. U.S. scrap plastic exports to the country dropped by 94 percent after the ban took hold.
Plastics recycling companies are seeing higher freight costs amid a tight trucking market, and the logistical challenges are predicted to increase in the coming years.
The U.S. and China have fired their latest salvo in their ongoing trade war, and this time tariffs have been applied to recovered plastics and a number of other U.S. recyclables.
Recycled plastic yarn manufacturer Unifi saw an increase in sales last year, including stronger demand for its recycled flake and chip. But higher PET bale prices cut into profits.
Recovered PET prices have continued their steady rise, while natural and color HDPE values have remained flat over the past month.
Low-cost recovered PE film continues to drive record profits for Trex, which uses hundreds of millions of pounds of the plastic in its composite lumber products each year.
The Chinese government has announced key policies in recent weeks, including a plan to ban all recovered material imports by 2020.
Sellers are seeing higher prices for recovered PET, HDPE and PP bales, according to the latest markets analysis.
The U.S. will enact tariffs on $50 billion worth of Chinese products beginning July 6. Vowing retaliation, China released its own list of U.S. products to target in July.