China’s scrap import restrictions and their rippling market effects pared recycling revenues for Waste Management and Waste Connections last year.
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.
Continue Reading
Waste Management’s latest sustainability report delves into factors impacting the recycling industry as a whole, including fluctuating markets, sustainable materials management, technological advances and more.
In its first release of import permits for 2019, China’s environmental ministry approved a larger volume of recovered fiber than in any single release last year.
Southeast Asian countries are moving to constrain imports of recyclables, but some exporters are mislabeling scrap plastic shipments to get around the restrictions.
Governments across Southeast Asia continue to restrict recovered material imports. In the latest developments, Taiwan added plastic and paper restrictions, Vietnam rolled out new guidelines and Malaysia considered importing from certain countries only.
Even as exporters move off of China as a destination for certain recyclables, the country remains a crucial market. And several recent Chinese developments carry industry-wide implications.
Malaysia has laid out new criteria for scrap shipments as the country plans for a reduction in imports over time.
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.