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.
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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U.S. trade figures for November 2018 were released last week, showing that more recovered fiber and significantly less plastic was shipped out of the country.
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.