Chinese officials doubled down on plans to ban virtually all recovered material imports by the end of the year, despite opposition from U.S. interests.
Chinese officials doubled down on plans to ban virtually all recovered material imports by the end of the year, despite opposition from U.S. interests.
China consumed more U.S.-generated scrap fiber than any other country in January. Meanwhile, on the plastics side, U.S. exports hit a 14-year low.
The Vietnamese government has reiterated its plan to phase out scrap plastic imports altogether, noting all scrap plastic will be barred beginning in 2025.
After announcing stringent recovered paper import restrictions set to take effect this week, Indonesian officials changed course and postponed the rules indefinitely.
This story has been updated.
A complete ban on scrap plastic imports into India will be delayed until the end of August, giving the global plastics recycling industry some time to adapt.
This story has been updated.
The Indian government says it will ban scrap plastic imports, a move that threatens to further disrupt the U.S. recycling industry by closing a growing market.
China’s scrap import restrictions and their rippling market effects pared recycling revenues for Waste Management and Waste Connections last year.
China has decreased purchases of old corrugated containers, which has caused domestic and export prices for the key fiber grade to fall.
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Year-end customs figures from the Chinese government quantify the country’s marked decrease in recyclable material purchases in the first year of new import restrictions.