Recently, Reuters published an article saying that China is about to prohibit the import of certain waste waste, including a large number of plastic waste, which the US economy will undoubtedly have a negative impact, but on the other hand, it is for the polyethylene producers can To the positive effect.
Reuters wrote: As the Chinese government’s waste import regulations will be effective by the end of this year, will reject high-polluting waste plastics, so China’s demand for plastic will further soar. In order to compensate for the lack of recycled plastics, exports to China’s Middle East, South Korea, Thailand and Singapore petrochemical producers, exporters are expected to receive more product orders, including polyethylene.
China ‘s imports of scrap plastic ban or will benefit polyethylene manufacturers
| Sodium Molybdate |
Reuters reported that China has been the world’s largest importer of garbage. 2016 imports a total of about 7.3 million tons of waste plastics, more than half of the world’s total waste plastics. Among them, PE total 2.53 million tons, is expected this year the value will drop to 1.7 million – 1.8 million tons. However, in 2017 – 2018, the demand for PE in the Chinese market will grow by 6.6%. Native PE suppliers will benefit from the gap between supply and demand.
On July 18, China’s Minister of the Environment told the World Trade Organization (WTO) that China’s ban has a dual purpose. One is to revive the domestic material and restore the infrastructure. The second is to reduce pollution. A large number of hazardous waste is mixed into raw materials, which caused serious pollution to the environment, a threat to good health.
The US Waste Recycling Industry Association (ISRI) has expressed support for the Chinese government’s efforts to improve environmental protection and improve domestic recycling standards, but does not agree to prohibit imports.
| Manganese Sulfate |