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A perfect storm of industry pressures, including declines in commodity prices and rises in freight costs, led a Canadian waste and recycling firm to shutter this week.
Some recovered commodities have experienced market fluctuations of late, but pricing for OCC and natural HDPE has remained flat.
OCC prices have experienced a slight uptick lately, but mixed paper remains at rock-bottom values. Meanwhile, recovered PET and natural HDPE markets remain stronger.
Coca-Cola will help develop a $19 million plastics recycling facility in the Philippines, marking the company’s first recycling operation in Southeast Asia.
Experts say a deposit system for non-alcoholic beverage containers would complement a Canadian province’s curbside recycling system, by cutting costs and increasing the volume of material recycled each year.
Containers at a port in Jakarta, indonesia.
Import guidelines for scrap paper shipments to Indonesia have been revised and are less stringent than initially proposed, the country’s government announced last week. Still, the rules will mean additional inspections for paper traders.
The price for OCC declined by nearly 13% over the past month. Other fiber grades also fell.
Governments, MRF operators, reclaimers and end users are calling for government regulation that requires recycled content in plastic bags.
U.S. recovered paper and plastic exports each grew slightly in April, hitting their largest monthly volumes so far in 2019.