A confluence of RPET market disruptions in 2020 included low prime plastic pricing and supply challenges that led end users to seek feedstock from other sources. Still, experts maintain a surge of RPET demand is fast approaching.
In the U.S., the plastics recycling market has been largely dictated by pandemic-related collection and demand realities. Overseas, a recent Chinese move to restrict recycled plastic pellet imports is posing trade challenges.
Experts with the U.S. EPA say there are a number of potential outcomes from upcoming shifts in global rules governing scrap plastic shipments. Under one possibility, trade in scrap plastic will no longer be allowed between the U.S. and most other countries.
Supply and demand realities for key curbside plastics are evolving fast during the coronavirus pandemic, and they’ve led one major plastics recycling company to adjust operationally. Continue Reading